Tuscan lender Monte dei Paschi di
Siena (MPS) closed on a high note on the stock market Monday
after Fitch raised its rating on the Siena-based bank by two
notches and Deutsche Bank raised its rating from 'hold' to 'buy'
and its target price from EUR 3 to EUR 4.1 per share.
The stock, which is receiving market accolades for the relaunch
work of CEO Luigi Lovaglio, closed 8.6 per cent higher at €2.91
a share, at the highest level since the capital increase a year
ago.
MPS is the world's oldest continually trading bank.
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