1101 ET - Stellantis' stock has fallen sharply in recent months but it's too early for "bottom-fishing," BofA Securities analysts say in a research note. They expect the US--where its automotive brands include Chrysler, Jeep and Ram--will return to strength driven by important model launches. "But we have some concerns over Europe, where we consider the company is badly positioned on [battery electric vehicles] against rising competition," say the analysts. They add that they expect a very weak 1H25 and see the year as one of transition as they consider struggles in Europe and tariffs as it relates to the U.S. market. The analysts downgrade Stellantis to neutral from buy. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
July 07, 2025 11:01 ET (15:01 GMT)
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