UPDATE 1-Fiat shares outperform after Chrysler plan

* Chrysler plan above consensus expectations

* Market underestimating Chrysler value to Fiat-broker

* Shares up 2.6 percent

(Adds broker comments, background, share price)

MILAN, Nov 5 (Reuters) - Shares in Italian carmaker Fiat SpA(FIA.MI) outperformed the auto sector on Thursday as a five-yearplan for Chrysler was seen by analysts as aggressive andpotentially risky but potentially value enhancing.

At 0955 GMT Fiat shares were up 2.6 percent at 11.07 euros,while the DJ Stoxx auto index .SXAP was 0.3 percent higher.

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