
U.S. listed Shares of auto-maker Stellantis NV STLAM.MI, STLA.N fall 3.8% to $12.19 premarket
Brokerage Piper Sandler downgrades STLA to "neutral" from "overweight"; cuts PT to $13 from $23
Brokerage says STLA has "too many headwinds" that includes fluctuating foreign exchange rates, labor disputes, soft EV demand due to pricing and strikes
Views the global tariff impact as risk, suggesting it could affect the company more severely than General Motors GM.N and Ford F.N
"It will probably take years to address the problems with this sprawling global automaker"- Piper Sandler
Up to last close, STLA stock down 56% in the past 12 months