ANALYSIS FLASH : JEFFERIES RAISES RENAULT FOR 'BUY'. TARGET FROM 22 TO 40 EUROS (FR.RNO) - 20 iunie 2022

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Renault (+6.07% to 25.50 euros) posted the largest increase in the CAC 40 index, supported by the increase in recommendation from Jefferies. The entire automotive sector and its equipment manufacturers is well oriented on the Paris Stock Exchange this morning. The American design office raised its advice from Keep to Buy, with a price target raised from 22 euros to 40 euros. 

“Making Groupe Renault relevant in the industry transition, either on a stand-alone basis or in an industry consolidation scenario, could depend on how radical management is in repositioning the ICE (Internal Combustion Engines) and BEV assets) Battery Electric Vehicle),” the analyst explains. Jefferies believes Renault stands out as a multi-faceted investment case where Renault can better deploy its capital.


https://blazetrends.com/renault-backed-by-jefferies/

https://fox5.news/analysis-flash-jefferies-raises-renault-for-buy-target-from-22-to-40-euros/

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