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Stock market: Fiat slips on Ubs cut

The Lingotto stock falls in Piazza Affari, signaling itself as one of the worst in the Ftse Mib basket – Fiat shares are affected by the rating cut made by Ubs, which lowered the rating on the stock from "buy" to "neutral", setting the new target price at 6 euros.

Stock market: Fiat slips on Ubs cut

The Fiat stock falls on the Stock Exchange, which in the morning loses 2,33% in Piazza Affari, at 5,655 euros per share, making it one of the worst stocks in the Ftse Mib list.

To drag down the shares of the Lingotto is above all the decision of the analysts of Ubs, who have chosen to review the rating on the security downwards, from "buy" to "neutral", adjusting the new target price to 6 euros, from 5,50. UBS's decision is weighed down by the uncertainties relating to the strengthening of the capital necessary to continue the integration with the American structures, and the fact that the rally of the stock in recent months, with an increase of more than 50%, has considerably reduced the upside margin.

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