Stellantis: Jefferies initiates coverage with 'buy' rating

(CercleFinance.com) - Jefferies has begun to monitor the Stellantis share with a "buy" recommendation and a target price of 18 euros (or 22 dollars), including 0.
83 euros for the Faurecia stake), having increased its estimates for 2021-23 by 8%.

"With the opportunity of a strategic reset, encouraging governance and stronger than average balance sheet, we see Stellantis as better equipped than most to navigate auto legacy issues," the broker says.


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