ISP correcting

4 thg 1, 2018

Intesa Sanpaolo Bank is, in my opinion, in a correction mode finding a support level at 2.70. Such a price was the one tested during last June "gap up" after the Italian Bank incorporated two smaller regional banks. Altough some analysts (thecerbatgem.com/2017/12/15/intesa-sanpaolo-isp-given-a-3-20-price-target-at-credit-suisse-group.html) forecasted a 3.20 target price, that level is quite difficult to reach in the short term. Much will depend on the updated business plan that will probably be disclosed together with 2017 consolidated financial results.