Stellantis shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight. On Wednesday, the FCA reported a year-over-year decrease in total U.S. sales.
Portfolio Pulse from Benzinga Newsdesk
Stellantis shares declined following a downgrade by Barclays from Overweight to Equal-Weight, coinciding with a reported year-over-year decrease in total U.S. sales by the FCA.
October 03, 2024 | 3:23 pm
News sentiment analysis
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NEGATIVE IMPACT
Stellantis shares are under pressure after Barclays downgraded the stock from Overweight to Equal-Weight. Additionally, the FCA reported a year-over-year decrease in U.S. sales, contributing to the negative sentiment.
The downgrade by Barclays suggests a less favorable outlook on Stellantis, which can lead to selling pressure. The reported decrease in U.S. sales by the FCA adds to the negative sentiment, likely impacting Stellantis' stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100