TD Cowen analyst Itay Michaeli initiated coverage of Stellantis (STLA) with a Hold rating and $13 price target The firm’s “bias is to the upside” as it views Stellantis having many of the characteristics required to mount a successful turnaround. However, its Hold rating reflects a need for greater conviction around the likelihood of potential catalysts it sees potentially coming in the second half, the analyst tells investors.
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