0913 GMT - Mediobanca is unlikely to fetch a much higher valuation given the uncertainties around the potential takeover by peer Monte dei Paschi di Siena, Equita says in a research note. The Italian bank's valuation is higher than the banking sector average, and its business model remains attractive, analyst Luigi de Bellis writes. However, there is limited upside going forward, the analyst adds. A merger with MPS presents significant complexities and could create challenges, he adds. Equita cuts its rating on the bank's stock to hold from buy, with a 24 euro target price. Shares slip 0.55% to 20 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
September 03, 2025 05:13 ET (09:13 GMT)
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