UBS upgraded Stellantis (STLA) to Buy from Neutral with a price target of EUR 12, up from EUR 8.30. The firm expects a “comeback” for Stellantis in North America in 2026, with a mix of regaining market share, improving mix amid relaxed U.S. emission standards, and cost cutting, all fueling a EUR3B swing in adjusted operating income, the analyst tells investors in a research note. A successful turnaround is not consensual among the buy-side, implying an attractive entry point, UBS says.
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