The FTSE MIB slipped 0.2% to close at 43,433 on Friday, reversing earlier gains as financials dragged the index lower. UniCredit fell 1% after Fitch affirmed its BBB+ rating but maintained a negative outlook. Mediobanca dropped 1.8% after Barclays cut its rating to “underweight” and trimmed its price target to €17.50. MPS also eased 0.6% as it continues to face legal scrutiny over its takeover of Mediobanca. Other financials also weakened, with Intesa Sanpaolo and Generali edging down. Likewise, Eni lost 1.5% after JPMorgan downgraded the stock to “underweight” from “overweight.” On the upside, Stellantis rose 2.3% following the earlier upgrade from UBS, while STMicroelectronics gained 1.6% and Ferrari added 0.6%