Italy open to buying stake in Stellantis (STLA), Minister says

Citi remains neutral on Stellantis (STLA) as market share continues to fall

February 5, 2024 2:16 PM EST

Citi research remains sidelined on Detroit automaker, Stellantis (NYSE: STLA) with a 12-month price target of $18.00 as the Jeep-parent continues to lose market share, even in its four core models.

STLA's market share has experienced a decline, dropping from 13% to 9% in the US market and decreasing from 21.7% in Q1 2021 to 15% in Q4 2023 in Europe. The French market share for the Group has also fallen from over 35% in... More

Global BEV sales reach a new high

February 5, 2024 11:56 AM EST

Bank of America tracked electric vehicle sales for December and FY 2023 finding in December 2023 that global Battery Electric Vehicle (BEV) sales achieved a record high of 1.1 million units, marking a 19% YoY increase and pushing the penetration rate beyond 14% for the first time.

China experienced a resurgence in BEV sales, rising by 38% YoY in December and 32% in the 4Q. Meanwhile, the EU saw a 20% decline in December due to the phasing out of subsidies the previous... More

Citi remains neutral on Stellantis (STLA) following merger chatter

February 5, 2024 9:21 AM EST

Citi Research reiterate a Neutral rating on Stellantis (NYSE: STLA) and maintained a 12-month price target on the carmaker of 18.00 following rumors that the Jeep-parent was contemplating a possible merger with French rival, Renault.

Last week, STLA CEO Tavares mentioned in a Bloomberg interview that he sees... More

Chairman denies rumors of Stellantis (STLA) Renault merger

February 5, 2024 8:29 AM EST

On Sunday, the Italian daily Il Messaggero reported that the French government, being the largest shareholder in Renault and holding a stake in Stellantis (NYSE: STLA), was reportedly examining proposals for a potential merger between the two automotive groups.

Stellantis Chairman John Elkann refuted the rumors Monday morning,... More

Stellantis NV (STLA:IM) (STLA) PT Lowered to EUR32 at Deutsche Bank

February 1, 2024 10:20 AM EST

Deutsche Bank analyst Tim Rokossa lowered the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR32.00 (from EUR38.00) while maintaining a Buy rating.... More

Wolfe Research Starts Stellantis NV (STLA) at Outperform, 'We see profitability as sustainable'

February 1, 2024 6:36 AM EST

(Updated - February 1, 2024 9:59 AM EST)

Wolfe Research analyst Rod Lache initiates coverage on Stellantis NV (NYSE: STLA) with a Outperform rating.

The analyst comments "With EBIT margins of ~13% in 2023 (or about 12% on a US GAAP basis) vs. 7% pro forma in 2020, Stellantis has become the most profitable Auto OEM in the world today (margins are 500-600 bps above comparable margins at GM, F, and VW). But perhaps more interesting for investors STLAs valuation implicitly suggests that the Street sees their profitability... More

Ford Motor (F) Trades Higher in Sympathy with General Motors (GM)

January 30, 2024 7:19 AM EST

Ford (NYSE: F) Trades Higher in Sympathy with General Motors (NYSE: GM)

GM +8% Following ResultsF +2.7%Stellantis (NYSE: STLA) +2.3%
... More