Renault: Berenberg raises TP

(CercleFinance.com) - On Monday, Berenberg raised its target price for Renault shares from E52 to E55, maintaining its Buy recommendation on them.


The broker describes the car maker's Q1 results as "solid" and praises the quality of its "mix", which it believes will support profit margins this year.

The resilience of its prices, combined with the product offensive planned for this year, leads it to expect the automaker's profitability to improve year-on-year in 2024, a rare occurrence within the sector, it says.


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