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Stock market, Fiat Industrial slips after UBS downgrade

Analysts lowered the recommendation on the stock from "neutral" to "sell", also reducing the 12-month target price from 8,5 to 8 euros - Realizations also weigh after yesterday's excellent performance (+2,4% ).

Stock market, Fiat Industrial slips after UBS downgrade

Sales day in Piazza Affari on Fiat Industrial, which at the end of the morning was down 1,8%, at the bottom of the Ftse Mib. The analysts of ubs they lowered their recommendation on the stock from “neutral” to “sell”, also reducing the target price over 12 months from 8,5 to 8 euros, due to a deterioration in the company's core markets.

The title also weighs you realize after yesterday's excellent performance (+2,4%), favored above all by the rumors triggered by theabsence of the CEO of Fiat, Sergio Marchionne, from the Frankfurt International Motor Show. Some operators attributed the absence of the roadshow relating to CNH, while others saw the agreement with Veba for the Chrysler minorities as imminent. 

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