Valeo's "Buy" rating has been maintained by UBS, with a target price of 13 euros, following the release of the company's third-quarter sales figures.

Quarterly sales of 5 billion euros were reported by Valeo, falling short of expectations by three percent, according to analyst David Lesne.

As a result of the disappointing sales performance, Valeo has revised its sales targets for the current year and withdrawn its sales forecast for 2025. These adjustments reflect the challenges faced by the automotive supplier in meeting market expectations.

UBS's ongoing analysis of Valeo's performance in the automotive sector highlights the impact of recent sales figures on the company's outlook.