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BofA Downgrades Stellantis on Chinese EV Threat: Is the Turnaround Story Already Dead?
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2 Articles
BofA Downgrades Stellantis on Chinese EV Threat: Is the Turnaround Story Already Dead?
The post BofA Downgrades Stellantis on Chinese EV Threat: Is the Turnaround Story Already Dead? appeared first on 24/7 Wall St.. Quick Read Bank of America downgraded Stellantis (STLA) stock to Underperform from Neutral with a EUR 5.50 price target, citing unproven recovery and intensifying pressure from Chinese EV makers. Stellantis faces a steeper turnaround path than recent stock gains suggested, with margin deterioration in Europe and Asi…
·New York, United States
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The American bank downgrades the two car groups. It is alarmed by the competition from China for the European automobile and reduces opinions and objectives on the two titles of the Paris side.
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Total News Sources2
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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