Fiat is always in evidence: in the week preceding the Detroit show, the stock starts off on the right foot, gaining almost half a percentage point in the mid-morning in Piazza Affari, at 6,8 euros per share. The American appointment will be the occasion for Sergio Marchionne's first public outing after the Chrysler super deal. After the initial euphoria, market judgments are now divided between the more cautious, who want to wait for more precise indications on the Lingotto industrial plan, and those who in any case promote the Turin-Detroit merger.
The analysts of KeplerCheuvreux (reduced opinion with a target price of 5 euros), consider the operation difficult to sustain in the medium-term. On the contrary, Equita (buy rating with target price of 7,9 euro) and Banca Akros (revised rating from accumulated to buy with target price raised from 6,2 to 7,5 euro), believe that the agreement is in itself a positive element. As regards the market, auto sales in the USA grew by 6% in the last month of 2013, registering the best December since 2007, but slightly below expectations.
In 2013, meanwhile, sales of new vehicles in Brazil fell for the first time in ten years, recording a decline of 0,91% to 3,767 million units. Fiat remains the market leader with a 21,34% share. Moody's, meanwhile, confirmed the 'B1' rating on Chrysler after the acquisition by Fiat of the share it does not yet own with a stable outlook.
