UBS, a Swiss bank, has upgraded Renault's rating to "Neutral" with a target price of 41 euros. This upgrade comes after reports of a potential merger between Nissan and Honda, which could have significant implications for Renault.

Analyst David Lesne pointed out that Renault has previously expressed its intention to reduce its stake in Nissan. If the merger goes ahead, Renault could potentially divest shares to a strategic partner or Honda. The automotive sector is currently engaged in discussions about strategic partnerships and mergers, which could reshape the competitive landscape.