Company News
Jefferies Upgrades Renault, Downgrades Mercedes, 18% Upside
Jefferies upgraded Renault to 'buy', raising price target to €34 (18% upside) and 2026 adjusted EBIT 9% to €3.3 bn.
It projects 2026 free cash flow €1 bn, 5.3% margin, but EBIT margin to drop to 4.4%
