Sudden stop of Fiat Chrysler Automobiles in Piazza Affari. The Fca title it is placed at the bottom of the Ftse Mib (-0.1%), losing 3,8% to 12,092 euros, after having touched an intraday low of 12,02 euros.
The Agnelli family company pays the negative opinion of Goldman Sachs which began coverage of the auto group today by recommending it sell the shares. The American investment bank expressed a "Sell" rating, with a target price set at 11,5 euros and 13,5 dollars for shares listed on Wall Street, with a 7% downside on the current share value.
As of today, there is no room for growth in North America, according to Goldman analysts, while all other business segments are facing a challenging period.
FCA also contributes to ballasting the weakness of the auto sector in Europe, with the reference stoxx down by 1,22%. Also in the red are Pirelli (-1,97%) and Exor (-0,5%). In Paris Renault travels negatively (-0,5%), which presented its accounts for the first half of 2019 closed with sales down by 6,7% to 1,9 million vehicles, in a market down by 7,1, XNUMX percent.
