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Morgan Stanley keeps "overweight" rating, EUR 18.50 share price target on Fiat

(ADPnews) - Sep 3, 2010 - Morgan Stanley affirmed the "overweight" rating and the EUR 18.50 share price target on car maker Fiat SpA (BIT:F).

August sales of Fiat in Italy went down by 26.4% year-on-year to 21,065 units, Italy's Transport ministry said on Wednesday.

Fiat was gaining 2.12% to EUR 10.11 on the Milan Stock Market at 1542 CET.

(EUR 1 = USD 1.286)

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