1201 GMT - Stellantis faces a year of transition in 2025, but risks remain, Citi analysts Harald C Hendrikse and Soumava Banerjee write. The car maker's full-year report provided context and perspective on the likely speed and magnitude of any earnings recovery, and there is plenty of scope for such a recovery. However, earnings will likely remain weak in the first half, ahead of any significant new product benefit, the analysts say. New products in the second half will only provide a limited benefit, while U.S. and possibly EU pricing this year will likely remain sharply negative on year, they add. The bank also sees no significant long-term margin recovery without more assertive cost reductions. Citi cuts its target price on the stock to 12 euros from 13 euros and keeps its rating at neutral. Shares fall 7.2%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 07:01 ET (12:01 GMT)
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