HSBC analyst Pushkar Tendolkar downgraded Renault (RNSDF) to Hold from Buy with a price target of EUR 42.50, down from EUR 44. Renault and Nissan (NSANY) appear close to a deal to rebalance voting structure and pave the way for Nissan’s investment in Ampere, but "that may come with further complexities" and the catalysts for Renault "look played out," Tendolkar tells investors.
Published first on TheFly
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