Morgan Stanley reiterated their equal weight rating on shares of Pirelli & C. (OTCMKTS:PLLIF) in a research note released on Tuesday morning, The Fly reports.
A number of other brokerages have also weighed in on PLLIF. HSBC upgraded Pirelli & C. from a hold rating to a buy rating in a research note on Tuesday, September 7th. JPMorgan Chase & Co. upgraded shares of Pirelli & C. from an underweight rating to a neutral rating in a research note on Monday, August 9th. Finally, The Goldman Sachs Group downgraded shares of Pirelli & C. from a neutral rating to a sell rating in a research note on Wednesday, June 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold.
OTCMKTS:PLLIF opened at $6.00 on Tuesday. The firm has a 50-day moving average of $5.84 and a two-hundred day moving average of $5.70. Pirelli & C. has a 1-year low of $6.00 and a 1-year high of $6.42.
Pirelli & C. S.p.A. manufactures and supplies tires for cars, motorcycles, and bicycles worldwide. The company provides premium, specialty, super specialty, and prestige tires. It offers car tires under the P Zero, Cinturato, Winter, Scorpion, and Ice Zero names; motorcycle tires under the Pirelli and Metzeler names; and road racing bikes under the P ZERO Velo and CINTURATO Velo name, as well as mountain bikes under the SCORPIONTM MTB and the Urban CYCL-e line brands.
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