Accueil > Actualité
Actualite financiere : Actualite bourse

Stellantis: Morgan Stanley raises target price

(CercleFinance.com) - On Thursday Morgan Stanley renewed its 'overweight' recommendation on Stellantis shares, raising its target price for them from E24 to E28 (cp: E25, -1%).


The analyst looks back on the carmaker's recent bullish run, claiming that he still sees potential value at current levels, as he does for Renault.

He adds that the group, like Renault, offers attractive returns to shareholders, thanks to a share buyback program that he believes limits the share's downside potential.

MS adds that it appreciates the geographic positioning of both car makers, and in particular their limited exposure to China, which protects them against too much pressure on prices this year.

Given the share's strong rise YTD (+18%), the broker however warns that profit-taking is a possibility, while cautioning that high interest rates could also end up weighing on demand.


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.