Renault : in the red with a broker downgrade
(CercleFinance.com) - Renault loses 1% and thus underperforms the CAC40, against the backdrop of a downgrade by Jefferies from 'buy' to 'hold' with a price target lowered from 55 to 52 euros, after '2024 results and 2025 outlook towards the bottom of market expectations'.
In our 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 of the carmaker.
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