FCA continues its post-placement recovery on Wall Street and is targeting the 9,5 euros in Piazza Affari in the mid-morning. Just before 11 on title Fiat Chrysler Automobiles it is in fact the best of the Ftse Mib and rises by 1,56% a 9,425 euro per share, despite the fact that the Milan Stock Exchange is currently traveling against the trend of the other European indices.
According to operators, the support for the increase in the share, which yesterday benefited from a 10 euro target from Bank of America Merrill Lynch, is today supported by the valuations of Equita Sim which, in addition to the Ferrari listing, sees the scenario of a "mature" aggregation for FCa.
"We remain of the opinion that the listing of Ferrari represents a catalyst capable of compensating for any slowdown in the economy - writes Equity – and we are convinced that for FCA ex-Ferrari the time is ripe for an aggregation, deserving of a prize for its speculative appeal”.
Analysts increased the target on the stock to 11,4 euros, above all recognizing a greater contribution from Maserati and the North American markets which benefit from the significant strengthening of the dollar.
