Fiat Chrysler slumps after Goldman Sachs says to sell the stock (FCA)
Business Insider -

Fiat Chrysler sank as much as 5.1% Tuesday after Goldman Sachs gave it a "sell" rating, erasing a month of gains as markets hit record highs.

The investment bank set its price target at $13.50 per share, implying a 8.5% downside from its current price of $13.67.

Goldman analysts cited market volatility in Latin America, a lack of investment in high-tech automotive technologies, and Europe's strict CO2 regulations as main issues facing the automaker.

Watch Fiat Chrysler trade live here.

Visit the...

Read this story at

Loading...

Related Articles