While auto analysts have dropped the notion Fiat Group might spin off Fiat Auto SpA, they remain wary despite steadily improving financials. In a research note on Fiat‚Äôs third-quarter results, Merrill Lynch calls the conglomerate‚Äôs report ‚Äúvague‚ÄĚ and condemns it for featuring ‚Äúpotentially self-serving recovery multiples.‚ÄĚ J.P. Morgan calls Fiat Auto‚Äôs performance ‚Äúdisappointing.‚ÄĚ And both investment houses slam Fiat for not upping its earnings guidance, as it did in July after ...
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