Aston Martin: Oddo BHF downgrades its opinion

(CercleFinance.com) - Oddo BHF downgrades its opinion on Aston Martin Lagonda (AML) from 'neutral' to 'underperform', with a price target lowered from 155 to 100 pence, the day after the automaker issued a warning on its 2024 guidance.


The group cites disruptions in its supply chain, weak demand in China, and efforts to smooth deliveries more evenly across quarters", the analyst points out, lowering its 2024/25 EBITDA guidance by 22%/16%.

This new warning reminds us that Aston Martin has a classic cyclical manufacturer profile, rather than a defensive ultra-luxury profile like Ferrari', adds Oddo BHF, which also highlights the British group's limited financial leeway.

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