The FTSE MIB rose 0.2% to close at 42,487 on Friday, as investors digested corporate updates.
Eni climbed 1.6% after boosting its buyback program by 20% following stronger-than-expected Q3 results.
Stellantis gained 2.3% after appointing Trevor Longley as president of Stellantis Canada.
Ferrari advanced 1.8%, with investors viewing the recent stock decline as a buying opportunity.
Banks traded higher, with BPER Banca up 2% and Banca Popolare di Sondrio 2.1%, after Morningstar DBRS upgraded BPER’s long-term deposit rating to ‘A’ from ‘BBB’.
Generali rose 0.8% and Poste Italiane 0.4%.
On the downside, UniCredit slipped 1.7% after reporting a net profit margin of 41.8% last week, below last year’s 42.5%.
STMicroelectronics lost 1.6% after forecasting lower sales for the year.
TD Cowen cut its price target to $25 from $27, citing weak Q4 revenue guidance despite a gross margin beat.
