0920 GMT - Stellantis has reported another weak sales quarter, with especially North American sales and market share declining further, Citi analysts write. The company has suspended 2025 guidance given tariff risks, and whilst there is a product plan, it seems early to assume a significant recovery, Citi says. Group adjusted operating income margins are down from around 13% to sub-5%, the shares are down over 70% from peak, and sentiment seems to have finally capitulated. For investors with a longer timeframe, this could appear to be a "value" opportunity, but Citi notes continued risks from tariffs, U.S. recession risks, lack of CEO, and lack of a more formal cost plan. It lowers its target price to 9 euros from 11 euros and keeps a neutral rating. Shares rise 0.9% to 8.21 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 05:20 ET (09:20 GMT)
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