(News Bulletin 247) – Stifel is still buying Stellantis shares and indicates its price target at 27E.
The figures announced by Stellantis for this first quarter are qualified as ‘robust’ by the analyst who sees in the volumes (+7%) and the solid price-mix, the strong points of the quarter.
For Stifel, the market outlook is unchanged from that provided on February 22. ‘ Markets are seen up +5% in the Nafta/Europe/MEA and IPAC regions (unchanged), +3% in Latin America and +2% in China. ‘
‘ We expect a neutral share price reaction (at least relative to the industry benchmark, SXAP), as the call later today should help ease investor concerns. investors (macroeconomic outlook/stock building)’, the analyst ends.
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