Renault: Nissan performs, Stifel says 'Hold'
(CercleFinance.com) - Nissan's operating income - partner and 43.
4%-owned subsidiary of Renault - outperformed the consensus in Q2 2020/21.
As a result, the Japanese carmaker has raised its outlook for the fiscal year (ending March), now expecting a loss of 340 billion yen (2.74 billion euros) against 470 billion yen (3.79 billion euros) previously.
Under these conditions, Stifel (ex-Mainfirst) has decided to maintain its "hold" recommendation on the Renault share, with a target price of 22 euros (current price: 28.65, +4.4%).
Copyright (c) 2020 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.
4%-owned subsidiary of Renault - outperformed the consensus in Q2 2020/21.
As a result, the Japanese carmaker has raised its outlook for the fiscal year (ending March), now expecting a loss of 340 billion yen (2.74 billion euros) against 470 billion yen (3.79 billion euros) previously.
Under these conditions, Stifel (ex-Mainfirst) has decided to maintain its "hold" recommendation on the Renault share, with a target price of 22 euros (current price: 28.65, +4.4%).
Copyright (c) 2020 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.