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ubs maintains neutral rating on renault with target price of 47 euros
UBS has maintained a "Neutral" rating on Renault with a target price of 47 euros. Analyst David Lesne highlighted the company's new strategic projects, including the acquisition of Nissan's 51 percent stake in the Indian joint venture, and noted that Renault has reaffirmed its annual forecast.
ubs maintains neutral rating on renault with target price of 47 euros
UBS has maintained a "Neutral" rating on Renault with a target price of 47 euros, following the announcement of new strategic projects by the carmakers. Analyst David Lesne noted Renault's acquisition of Nissan's 51 percent stake in the Indian joint venture and expressed confidence in the company's annual forecast.
barclays downgrades bmw stock rating while raising price target to 73.50 euro
Barclays has downgraded BMW's stock rating from Equalweight to Underweight, while raising the price target to €73.50 from €68.50. Analysts cited BMW's lower EBIT margin sensitivity to EU-US tariffs as a disadvantage compared to competitors, particularly Mercedes-Benz, amid ongoing challenges in the automotive industry. The firm expressed concerns over structural profit erosion in China and potential price normalization post-COVID, positioning BMW as the least preferred German OEM.
tesla faces steep sales decline in europe amid rising competition and challenges
Tesla's sales in Europe plummeted by 42.6% in January and February, with just under 27,000 vehicles sold compared to over 46,000 last year, despite a 28.4% rise in overall EV sales. The company faces challenges from backlash against Elon Musk's cost-cutting and political affiliations, while Chinese rival BYD surpassed Tesla in revenue for the first time. Despite a recent stock rebound, analysts remain divided on Tesla's future, with some optimistic about long-term sales growth driven by robotaxi developments and potential gains in Republican regions.
Tesla faces significant sales declines in Europe and China
UBS analyst Patrick Hummel reported a challenging January for Tesla, highlighting a significant 51% year-over-year sales decline in Europe and a 15% drop in China. In contrast, domestic brands in China gained market share, with Xpeng seeing a remarkable 251% increase. Tesla's shares closed at $355.94.
analysts update recommendations and price targets for major european companies
Analysts have updated their recommendations for several companies, with notable changes including Accor's price target raised to EUR 54 and Legrand upgraded to buy with a target of EUR 125. UBS Group was downgraded to underperform, while Renault's target increased to EUR 68. Other adjustments include Michelin and Ipsen, both seeing target revisions.
visteon corporation advances automotive technology for global mobility solutions
Visteon Corporation is a global automotive technology leader, providing hardware and software solutions for the digital, electric, and autonomous vehicle sectors. The company serves major automotive clients, including BMW, Ford, and General Motors, and specializes in cockpit electronics, infotainment systems, and connected car technologies. Its offerings include digital instrument clusters, ADAS displays, and battery management systems, enhancing the driving experience and vehicle performance.
ubs maintains neutral rating on renault with target price of 41 euros
UBS has maintained a 'Neutral' rating for Renault, setting a target price of 41 euros, amid speculation of a potential merger between Nissan and Honda. Analyst David Lesne noted Renault's previous intentions to reduce its stake in Nissan, suggesting that a merger could facilitate share sales to strategic partners or Honda.
ubs upgrades renault to neutral with target price of 41 euros
UBS has upgraded Renault to "Neutral" with a target price of 41 euros, following reports of a potential merger between Nissan and Honda. Analyst David Lesne noted Renault's previous intention to reduce its stake in Nissan, suggesting that a merger could facilitate share sales to strategic partners or Honda.
ubs upgrades renault to neutral with target price of 41 euros
UBS has upgraded its rating for Renault to "Neutral" with a target price of 41 euros, following reports of a potential merger between Nissan and Honda. Analyst David Lesne noted Renault's previous intentions to reduce its stake in Nissan, suggesting that a merger could facilitate share sales to strategic partners.
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