UPDATE 1-RESEARCH ALERT-Exane BNP Paribas upgrades Fiat

Newswire

(Adds details from report from paragraph 2) MILAN, Jan 20 (Reuters) - Exane BNP Paribas has upgraded its rating on shares in Italian automaker Fiat to "outperform" from "neutral", raising its target price for the stock to 10 euros per share from 7.1 euros, it said in a report published on Friday. "A recent visit to Fiat provided answers to several of our previous concerns. Moreover, a new phase of reorganisation seems likely to begin in the next few months," the bank said. "Material ...

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