RBC Capital raised the firm’s price target on Stellantis to EUR 29 from EUR 24 and keeps an Outperform rating on the shares. The firm believes Stellantis is uniquely positioned to benefit from the recent EV slowdown given its flexible architecture approach in Europe and initial PHEV push in North America. Further, RBC applauds its robust share buyback plan, which sets the company apart from its European peers and should attract North American investors.
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Read More on STLA:
- Stellantis price target raised to EUR 26 from EUR 23 at JPMorgan
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- Stellantis Announces Board Composition Change
