Stellantis NVSTLA
▼ NegativeCapitalrelevance
UBS downgrades to Neutral, cuts price target and profit forecasts due to stalled U.S. turnaround.
Impact on stocks 1
Electrification & Mobility
Stellantis NVUBS downgraded Stellantis to Neutral from Buy, citing insufficient progress on the automaker's U.S. recovery despite a healthy market. Analyst Patrick Hummel noted that higher volumes have not translated into expected profits, dealer inventories remain elevated, and customer uptake of new products has lagged guidance. The firm also flagged growing competitive pressure in Enlarged Europe and the Third Engine regions, which further challenges Stellantis' ambitious 2028 business plan targets. UBS cut its adjusted operating income forecasts by 12% to 18%, projecting 3.0 billion euros with a 1.9% margin for 2026 and 4.7 billion euros with a 2.9% margin for 2027. The price target was lowered to 5.8 euros from 9.5 euros, implying a valuation of 6 times 2027 earnings.
Stellantis NVUBS downgrades to Neutral, cuts price target and profit forecasts due to stalled U.S. turnaround.