Home > Analyse
Actualite financiere : Actualite bourse

Stellantis: RBC upgrades stock

(CercleFinance.com) - On Friday RBC upgraded Stellantis shares from "sector perform" to "outperform", maintaining a target price for them at 19 euros.


In a morning report, the broker explains that it has returned from a recent meeting with the automotive group's CFO, with a better opinion on the share.

RBC justifies its optimism by the group's advantageous position in terms of operating margin that the manufacturer has over US competitors such as Ford and GM.

The broker also believes that Maserati could well be listed, with a potential valuation of five to 10 billion euros.

In this context, RBC says it expects Stellantis to redistribute capital to its shareholders "more aggressively" than its European peers.

The stock is now its best pick amongst its peers.


Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.