A situation that forces us to be more demanding in terms of stock selection criteria. “A stress test on earnings forecasts for 2021 seems a safer way to return to Italian equities, together with the look for new winners in the post-emergency environment“, Underlines Giampaolo Trasi, Head of Equity & Credit Research of Banca IMI.
Poker of Ftse Mib titles plus an upcoming new entry
The top picks listed include 8 large caps, of which only 4 are part of the Ftse Mib: General (add rating with tp at 15.6 euros), Banca Mediolanum (Buy with tp at 7.8 euro), Leonardo (Buy with tp for 9 euros) e Italian post with Add and tp rating at 9 euro. Another title, Interpump (Add with tp at 31 euros) will make its debut on the Ftse Mib on June 22nd.
The other three securities indicated are Acea (Add with a tp at € 22), ERG (Buy with a tp at € 7.8) and finally Rai Way (Buy with a tp at € 6.3).
Look also at mid caps
Banca IMI then indicates 9 top picks among the mid caps with a buy rating assigned to Giglio Group, Guala Closures, La Doria, Piaggio, SeSa, Valsoia and Zignago Vetro; Rating Add instead on Sicit Group and Wiit.