Renault has been given a "Neutral" rating by UBS, with a target price of 41 euros.

There is speculation about a potential merger between Nissan and Honda, and analyst David Lesne has pointed out that Renault has previously expressed its intention to reduce its stake in Nissan. Lesne suggests that if the merger goes ahead, Renault could easily sell shares to a strategic partner or Honda.

Recent media reports have discussed the merger, which could have a significant impact on the automotive industry. UBS's analysis reflects the strategic considerations that Renault is currently facing as it manages its partnership with Nissan and potential changes in ownership structure.