Renault : Potential for a positive surprise from the new plan now limited
>Target price raised to € 40 mainly thanks to Nissan - In the run-up to the announcement by Luca de Meo of the OEM’s new strategy plan (in January), we update our estimates and increase our target price to € 40 vs € 25, mainly in order to factor in the better-than-expected results at Nissan and the impact of the Japanese OEM’s share rally in the last few weeks in our SOP.Neutral rating maintained; we much prefer Stellantis - We maintain our Neutral ra...Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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