Pirelli & C. S.p.A. PIRC
MIL · Italy · Consumer Durables
€6.64-0.07 (-0.97%)
Market open· · EUR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · EUR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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The Board of Directors of Pirelli & C. S.p.A. met today and majority approved - with the contrary vote of board members Zhang Haitao, Xi Xiaohong and Wang Kun - an investment plan for the United States worth approximately €1 billion (around $1.2 billion), aimed at expanding the Rome, Georgia plant, which already produces the most technologically advanced solutions for the U.S. market.
Pirelli & C SpA (PRLLY) reports solid H1 2026 with 13% net profit growth and market share gains in the high-value segment, while navigating raw material cost pressures and a weaker standard segment.
Investing.com -- JPMorgan downgraded Pirelli to Neutral from Overweight on Thursday after the tire maker reported first-half results the bank described as solid, citing limited upside at its price target.
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