As previously reported, Jefferies downgraded Renault (RNLSY) to Hold from Buy with a price target of EUR 52, down from EUR 55. The “traditional” part of Renault’s “remarkable turnaround has come to an end,” leaving the investment case more dependent on strategic savvy, argue the analyst, who adds that 2024 results and 2025 outlook both coming in towards the low end of market expectations “leaves no room for upgrades.”
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