Renault: ends the day higher after a positive analysis

(CercleFinance.com) - Renault shares ended the session up nearly 2%.
On Monday, Berenberg raised its price target for Renault shares from ?52 to ?55, while maintaining its Buy recommendation.

In a research note, the research firm describes the automaker's first-quarter results as "solid" and praises the quality of its "mix", which it believes will support profit margins this year.

The resilience of its prices, combined with the product offensive planned for this year, leads it to expect the automaker's profitability to improve year-on-year in 2024, a rare occurrence within the sector in its view.

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