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Fly News Breaks for June 26, 2016
CNHI, FCAU
Jun 26, 2016 | 18:58 EDT
Goldman Sachs analyst Stefan Burgstaller downgraded Fiat Chrysler (FCAU) to Buy citing slower European volume growth, a weaker North American market outlook in out years and updated currency assumptions following the UK referendum. The analyst cut his price target for the shares to $8 from $12.80. CNH Industrial (CNHI) remains Burgstaller's top pick in the European Automobiles space.
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