Stock market: Stellantis stock treads water – 01/26/23 – News

This is how experts see Stellantis shares

Stellantis stock is covered by several analysts.

Swiss central bank UBS has left Stellantis’ rating at “Buy” with a target price of EUR 17.50. In an industry study published on Monday, analyst Patrick Hummel sees the primary price war in the European and American car industries after the price cuts at Tesla as a “storm” for manufacturers, while distributors are a “safe haven”. The short-term negative outlook appears to be pricing in tire manufacturers. At Stellantis, negative earnings momentum could lead to a price pullback in the coming months. However, Stellantis remains the most preferred automaker in the mass market, according to Hummel.

Canadian bank RBC has lowered the price target on Stellantis from 21 to 18 euros and left the rating at “Sector Perform”. Analyst Tom Narayan expects prices in the European car industry to normalize from the second half of the year. Therefore, in a study available on Friday, he reduced his estimates for car manufacturers and now, according to his own statement, below the consensus forecast. He is also more cautious about tire manufacturers. The expert is still optimistic about the trend towards electric vehicles. His favorites remain sports car manufacturer Ferrari and truck manufacturers, among which he prefers Daimler Trucks.

This article was created by ARIVA.DE using stock analysis from dpa-AFX in a standardized way. You can find information on the obligation to provide information in the event of conflicts of interest within the meaning of Section 34 b WpHG for the aforementioned analyst firms. here.