Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

March 15, 2021, 6:27 a.m. EDT

Stellantis climbs as Deutsche Bank initiates coverage at buy

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Stellantis N.V. (STLA)
  • X
    Stellantis N.V. (STLA)

or Cancel Already have a watchlist? Log In

By Steve Goldstein

Shares of automaker Stellantis /zigman2/quotes/209202731/delayed IT:STLA +0.81% /zigman2/quotes/204248628/composite STLA +3.21% rose 3% to €15.02 in Milan as Deutsche Bank started coverage at buy with a €20 price target. Analyst Tim Rokossa says the merger of PSA and FCA will make it the fourth-largest automaker by sales, and that CEO Carlos Tavares is in an ideal position to combine the two companies' strengths. "Stellantis is a clear buy, in our view, due to the reasons for which investors traditionally chase auto stocks: earnings and cash flow momentum. Its lack of BEV product focus will limit the multiple that the market is willing to pay for, in our view," he added.

/zigman2/quotes/209202731/delayed
IT : Italy: Milan
16.13
+0.13 +0.81%
Volume: 3.78M
Dec. 2, 2021 10:46a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
€47.43 billion
Rev. per Employee
€457,364
loading...
/zigman2/quotes/204248628/composite
US : U.S.: NYSE
$ 17.68
+0.55 +3.21%
Volume: 5.13M
Dec. 1, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$53.38 billion
Rev. per Employee
$521,383
loading...

Get news alerts on Stellantis N.V. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.