Renault: Invest Securities raises target price
(CercleFinance.com) - On Friday morning Invest Securities said that investors are still waiting for the strategic plan and remain without guidance as at present.
However, the information and interviews broadcast over the last few weeks and the increasing number of appointments to key positions in the group provide a clear picture of the recovery, with some indications on future margin targets at Nissan and Renault and the timing of their recovery, the broker said.
The analyst has raised his target price for the share to 32.1 euros (against 26.7 euros), along with a buy rating. Renault remains in the broker's best pick list.
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