UPDATE 1-RESEARCH ALERT-ABN AMRO initiates 6 European auto cos

Newswire

(Adds details) May 30 (Reuters) - ABN AMRO initiated coverage of six European automobile companies and said the industry looks notably healthier than in the past. The brokerage said it began coverage of Fiat and PSA Peugeot Citroen , both with a "buy" rating. It initiated coverage of DaimlerChrysler AG and Volkswagen AG with "hold," and BMW and Renault with "sell." Fiat and PSA are restructuring stories where there is greater opportunity than the market is pricing in, the brokerage ...

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