Stellantis drops after JPMorgan cuts price target

Stellantis is the worst-performing stock on the FTSE MIB today, as analyst sentiment weighs on shares. JPMorgan cut its price target to €11 from €13, while Jefferies reiterated its "Buy" rating.

The stock slipped 2.30% to €8.376, with traders eyeing further downside toward support levels at €8.289 and €8.201. Resistance is seen at €8.635.

The sell-off highlights investor caution despite the reaffirmed bullish stance from some analysts, as concerns over the sector’s outlook persist.