Stellantis is trading 4% up today at €5.28 as the stock stages a partial recovery following yesterday's sharp sell-off.
- The previous decline was triggered by a double downgrade from Piper Sandler, which included a dramatic cut to its U.S. price target from $14 down to $4.
- Today's move reflects a reassessment of the downgrade and broader auto-sector sentiment, even as major U.S. indices trade slightly lower ahead of the Federal Reserve's interest rate decision.