Renault: Oddo BHF remains positive after the Honda-Nissan MoU
(CercleFinance.com) - Oddo BHF has reaffirmed its 'outperform' rating and E60 TP for Renault shares, following the announcement by Honda and Nissan of a memorandum of understanding (MoU) for their merger, which could also include Mitsubishi Motors.
While the read-across for Renault remains limited at this stage, the research house believes that the French carmaker should play an important role in the discussions, both operationally and, above all, from a shareholder point of view.
Renault's stake in Nissan still seems more monetizable today with this agreement than before, and the 'better' perception of Nissan in the short term reinforces our view of a favorable scenario for Renault, it believes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
While the read-across for Renault remains limited at this stage, the research house believes that the French carmaker should play an important role in the discussions, both operationally and, above all, from a shareholder point of view.
Renault's stake in Nissan still seems more monetizable today with this agreement than before, and the 'better' perception of Nissan in the short term reinforces our view of a favorable scenario for Renault, it believes.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.