BofA downgraded Stellantis (STLA) to Neutral from Buy with a price target of $11.75, down from $16.50. The firm has concerns over Stellantis’ Europe exposure, saying the company is “badly positioned” on battery electric vehicles against rising competition. It sees a lack of catalyst for the shares and expects “weak” results in 2025 from the company.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STLA:
- Can Archer Aviation (ACHR) Fly Higher? Why Our AI Analyst Is Staying Neutral
- Centene, Ross Stores, KeyCorp, Amcor, Stellantis: Trending by Analysts
- Trump Truth Social: ‘Wonderful’ U.S. SUVs Set to Roar after Vietnam Trade Deal
- “We’re Getting the Band Back Together”: Stellantis Stock (NASDAQ:AVAV) Notches Up on Multiple Moves
- ‘Unexpected Direction’ – Thousands of Stellantis Vehicles Recalled on Gear Safety Fears