Renault: Jefferies downgrades stock

(CercleFinance.com) - Jefferies downgrades Renault shares from 'buy' to 'hold', with a target price lowered from E55 to E52, as the 2024 results and outlook for 2025, which are both towards the bottom of market expectations, leave no room for upgrades.


In analysts' opinion, the 'traditional' part of Renault's remarkable turnaround has come to an end, leaving the investment case more dependent on strategic know-how, the broker believes regarding the carmaker.

Jefferies points out that this question of strategic know-how will range from monetising Nissan to navigating the sector's transition and finding ways to work with Geely without further diluting shareholders.


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