Piper Sandler analyst Alexander Potter initiated coverage of Stellantis with an Overweight rating and $39 price target. The analyst says the company “sets the standard” for incumbent car makers. While Stellantis may face margin pressure due to its rising electric vehicle mix, with 6M-plus units sold annually and “best-in-class margins,” it has “margin to spare,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on STLA:
- Archer Aviation (NYSE:ACHR): Investors Betting on the High-Flying Future of Air Taxis
- Today’s Youth to Add Their Voices at the Second Annual Freedom of Mobility Forum
- EV tide shift makes Wells say sell Tesla, Morgan Stanley more bullish on autos
- Stellantis downgraded to Neutral from Buy at Nomura
- Morgan Stanley upgrades U.S. auto industry view to Attractive from In-Line