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Fly News Breaks for July 15, 2019
FCAU
Jul 15, 2019 | 20:57 EDT
Goldman Sachs analyst George Galliers initiated Fiat Chrysler with a Sell rating and a price target of EUR 11.5. The analyst says the company has outperformed its peers over the past 3 years thanks to its North America market strength, but sees the opportunity in that market as limited going forward. Galliers adds that Fiat Chrysler's EMEA challenges will "take time to resolve" and the volatility of its earnings in LatAm makes its progress "difficult to predict."
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