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Analysts like Fiat-Chrysler: upgrade from Banca Imi and Banca Akros

Lingotto's move on Chrysler's remaining share receives the green light from the financial community – Several positive opinions on the operation which removes uncertainty from the investment case and involves a limited outlay (therefore without the need for recapitalisation).

Analysts like Fiat-Chrysler: upgrade from Banca Imi and Banca Akros

Chrysler's conquest pleases the analysts who promote the Lingotto. The Equita Sim experts confirm the "buy" rating and raise the target price to 7,9 euros in the wake of a deal judged "positive". But the overseas operation collects the upgrade of Banka Akros and Banca Imi. The former improves its opinion on the stock to "buy" from "accumulate" and raises the target price to 7,5 euros from 6,2 because the move on Chrysler's latest stake erases the uncertainties on the investment case. Analysts from Banca Imi also rise to "buy" from "hold", which welcomes the limited outlay for the Lingotto which will thus not need a capital increase. Target price up to 7,2 euros from 5,85. However, there are those who are more tepid: Kepler Chevreux does not act on the rating, which remains "reduced", but only improves the target price to 5 euros from 4,4; Mediobanca confirms the "neutral" and Exane "underperform" rating.

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