Renault: Oddo confirms rating after group's conference.
(CercleFinance.com) - Oddo BHF has confirmed its buy rating on the Renault stock, with a target price of 105 euros following a press conference with Carlos Ghosn.
Oddo BHF said that the strengthening of synergies announced on Friday, with detailed targets, including for electric, autonomous and connected vehicles can only strengthen our confidence.
Carlos Ghosn announced a doubling of synergies to 10 billion euros in 2022 (against 5 billion euros in 2016), with a 5% CAGR in volumes and sales to 14m vehicles in 2022 (against 10.5 million vehicles in 2016).
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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.
Oddo BHF said that the strengthening of synergies announced on Friday, with detailed targets, including for electric, autonomous and connected vehicles can only strengthen our confidence.
Carlos Ghosn announced a doubling of synergies to 10 billion euros in 2022 (against 5 billion euros in 2016), with a 5% CAGR in volumes and sales to 14m vehicles in 2022 (against 10.5 million vehicles in 2016).
Copyright (c) 2017 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.