Jefferies analyst Philippe Houchois raised his price target on Fiat Chrysler to $19 from $14 citing his view of the increased probability of changes to the group’s structure given that China’s Great Wall and FCA “seem to be sizing each other up” and the idea of an independent Maserati/Alfa-Romeo is “growing on” him. Given media reports of Great Wall’s interest have put Fiat “in play,” the potential interest from other car-makers can’t be ignored, added Houchois, who keeps a Buy rating on the stock.
