Over the past seven trading days, shares of Fiat Chrysler Automobiles NV FCAU fell roughly 3.9 percent. This, the Vetr crowd seems to believe, has unlocked some room for upside, as evidenced by its average price target of $6.72. This target implies a potential return of roughly 2.5 percent from current valuations.
Seeking to better reflect the upside potential, the Vetr crowd decided to upgrade its rating on shares of Fiat Chrysler on Thursday, from 3.0 stars (Hold) to 3.5 stars (Buy) out of a possible five-star rating.
It should be noted that, in accordance with the new rating, 66 percent of the crowd’s ratings are bullish at the time.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
