Aston Martin: Jefferies initiates coverage with 'hold'
(CercleFinance.com) - Jefferies has begun to monitor Aston Martin shares with a "hold" rating and a target price of 2,000 pence (current price about 1,722 pence, -0.
7%), believing in particular that there "is a lot of work ahead to be profitable" for the British luxury and sports car maker.
"An Aston Martin nouveau has arrived, fitter but facing a more challenging Supercar environment, from de-carbonisation to more active competitors," the broker says, adding that its strategic plan is heavily inspired by Ferrari.
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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.
7%), believing in particular that there "is a lot of work ahead to be profitable" for the British luxury and sports car maker.
"An Aston Martin nouveau has arrived, fitter but facing a more challenging Supercar environment, from de-carbonisation to more active competitors," the broker says, adding that its strategic plan is heavily inspired by Ferrari.
Copyright (c) 2021 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.