Italy Offers Opportunities as Valuations Remain Cheap: Prada, Fiat

As German elections have ended in a resounding victory for Angela Merkel, the Italian Summer Truce may be coming to an end. That means that political turmoil may follow news of the country through the Autumn as the coalition government at the head of the Mediterranean nation tries to return the country to economic growth. Despite the difficulties ahead for Italy, a new Citigroup report on the country, led by analyst Mauro Baragiola, sees value among the country’s stocks. The buys for the Citigroup Inc. (NYSE:C) analysts include Fiat SpA (BIT:F), Autogrill SpA (BIT:AGL), and Prada SpA (HSK:1913), among others….