Evercore ISI initiated coverage of Stellantis (STLA) with an In Line rating and EUR 13 price target Stellantis is a pivotal player in the current global auto macro landscape but it is hard to get constructive on the name in the near-term given “significant idiosyncratic headwinds,” the analyst tells investors in a research note. The firm says production cuts are required to rein in oversupply while foreign competition is increasing.
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