Stellantis snaps between breakthrough in the US and promotion by analysts
Promotions by Ubs and Intermonte. In the US Trump administration towards less stringent energy standards for cars in the US market
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(Il Sole 24 Ore Radiocor) - Purchases on Stellantis , amid positive analyst ratings - with upgrades from Ubs and Intermonte - and the prospect of less stringent energy standards for cars in the US market. The share price at Piazza Affari gained more than seven points, approaching EUR 10 per share, in a market that saw the FTSE MIB up fractionally. Stellantis has lost 16% since the beginning of the year, compared to a Ftse Mib that has risen by more than 27%. The entire sector in Europe was positive today, with the EuroStoxx up 1.5 per cent.
According to US media reports, the Trump administration in the US is moving towards the introduction of less stringent standards on car energy efficiency, in the belief that the limits set by his predecessor, Joe Biden, are too high and responsible for the rising cost of new cars. Top executives of the major Detroit automakers, including Stellantis CEO Antonio Filosa, are expected to attend the White House when the new standards are expected to be announced. Filosa himself will also speak at a Goldman Sachs conference on Thursday and may give further guidance on the subject.
Meanwhile, positive analysts' ratings are coming in: Ubs has raised its recommendation on the stock to buy from neutral with a target price rising to €12 from €8.30, while Intermonte has raised its recommendation to outperform from neutral, again with a target price of €12 from €9.13. Analysts at Ubs point to the company's market share recovery in North America expected in 2026 and upgraded its adjusted operating profit estimates for next year. Intermonte points out that the general environment suggests caution, but highlights that we are seeingclearer signs of stabilisation and turnaround in key areas for the group. In addition, Intermonte assesses positively the new management, which aims to refocus strategy, modernise the organisation and engage in relations with policymakers, thus laying the foundation for value creation. Also Intermonte sees North America as the market with the most potential in which it expects a strong recovery, while the European market is expected to stabilise.
