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.
Read this story at Business Insider