Renault: Bryan Garnier initiates coverage with buy.
(CercleFinance.com) - In a report about several car manufacturers, Bryan Garnier initiates its coverage of the Renault stock, with a “buy” rating, along with a fair value set at 99 euros.
"As Renault emerges from a full cycle of renewal of its model range, the group is now entering a recovery phase in its main emerging markets, Russia and South America," the broker underlined.
Bryan Garnier believes this will boost its sales growth and margins. "Nissan's takeover of Mitsubishi should also help the Renault-Nissan Alliance move up a gear in terms of synergies," it continued.
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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.
"As Renault emerges from a full cycle of renewal of its model range, the group is now entering a recovery phase in its main emerging markets, Russia and South America," the broker underlined.
Bryan Garnier believes this will boost its sales growth and margins. "Nissan's takeover of Mitsubishi should also help the Renault-Nissan Alliance move up a gear in terms of synergies," it continued.
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.