Stellantis: Oddo BHF reiterates its recommendation after the results
(CercleFinance.com) - Oddo BHF maintains its 'neutral' rating on Stellantis shares, with an unchanged target price of 12 euros, noting in passing 'the extent of the work in progress for the future CEO', who will be appointed in the 1st half of the year.
The analyst points to "still too many areas of uncertainty" and believes that the 2025 outlook is "not necessarily totally derisory".
"Despite these more cautious targets, it is still not possible to say that this is the last wave of revisions, given the many risks surrounding the automaker's outlook and the many areas of uncertainty", adds Oddo BHF.
As a result, the broker considers that it is too early to become more constructive on the stock in view of the lack of visibility. Launches are expected in the 2nd half of the year, so performance should be more focused on H2 than H1.
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