Morgan Stanley reinstated coverage of Valeo with an Underweight rating and EUR 11 price target. A “lot of bad news is now clearly in the price,” but the firm thinks investors should remain selective among the EU autos and shared mobility suppliers, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on VLEEY:
- H.I.G. Capital to acquire Thermal Commercial Vehcles Division from Valeo
- Valeo price target lowered to EUR 13 from EUR 24 at Berenberg
- Valeo price target lowered to EUR 14 from EUR 16 at Deutsche Bank
- Valeo upgraded to Buy from Hold at Societe Generale
- Valeo upgraded to Buy from Hold at HSBC
Questions or Comments about the article? Write to editor@tipranks.com