(Finance) – Mostly confirmations arrive in the analysts’ recommendations on Stellantisin the aftermath ofInvestor Day of the Italian-French automotive giant, where the forecasts for 2024 were confirmed and it was said that in 2025 it will aim for the high end of its dividend distribution policy.
Among the most important statements of CEO Carlos Tavares there was the one whereby the annual synergies from the FCA-PSA merger amounted to 8.4 billion euros compared to 4 billion at the time of the creation of the new group. Furthermore, the manager said that Stellantis will move aggressively to cut costs in the face of intensifying competition from Chinese automakers, rather than using a “defensive” strategy based on the tariffs on imports of Chinese products that European officials are preparing to impose in that region.
Oddo BHF maintains its rating Outperformwith an unchanged target price at 30 EUR per share. According to analysts, it is not surprising that the management has placed great emphasis on investment efficiency (30% compared to competitors), which should allow the automaker to fully finance its transformation and position itself among the world leaders, including in terms of technology .
Stifel confirm the Buy with a target of 29 euros per share. According to analysts, 2024 is a transition year, with a visibly tougher first half and a second half showing sequential improvements with new products, a healthier inventory situation and cost reductions.
UBS confirm the Buy with a target price of 26 euros per share, noting that product momentum and resource allocation outweighs inventory drawdowns in North America.