Prevalence of purchases also today for Piazza Affari, already recovering from convinced increases in the first sessions of 2022. The Ftse Mib closed + 0.74% at 28,162 points, updating the closing highs to over 13 years. Among the big names on the Milanese list, Ferrari stood out in the positive (+ 1.3% at 238 euros), already the protagonist of + 3% on the eve.
Iveco is also in the spotlight today at + 5.15% to 11.26 euros on the day of the announcement of the signing of a syndicated loan of 1.9 billion euros which includes a committed revolving credit line of 1.4 billion euros and a term loan of € 0.5 billion.
Shot also for Stellantis (+ 4.03% to 18.42 euros) which has approached the historical top in the wake of the announcement of the collaboration agreement with Amazon to provide software solutions to be implemented in STLA SmartCockpit, the new platform for digital cockpit to be launched in 2024. As part of the agreement, Stellantis chooses AWS (Amazon Web Services) as its preferred cloud provider for vehicle platforms, realizing its long-term software-centric vision.
Pirelli also did very well (+ 5.25%), best stock of the day on the Ftse Mib, which reached its highest levels since April 2019, benefiting today from the change in valuation to “overweight” from “neutral” by JP Morgan, which expects a continuation of the strong growth phase of the activities also in light of the good fundamentals which are still very solid if we look at the entire tire market. The American bank assigns the share a target price of 7.5 euros and expects that the group will be able to create value for shareholders in the coming years thanks to the improvement of its financial profile.
Telecom Italia was also among the best at + 2.7%, while among the minus signs Enel closed at -0.725%.