UBS analyst David Lesne downgraded Renault (RNLSY) to Sell from Neutral with a price target of EUR 28, down from EUR 38. The firm sees “most indicators” rolling over, including a declining order book, deteriorating pricing and higher dealer inventories, which it sees pointing to a “tougher 2026 ahead.” The firm notes that its EBIT estimate stands about 16% below the Visible Alpha consensus.
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