Aston Martin: downgraded by an analyst

(CercleFinance.com) - Aston Martin Lagonda (AML) is down more than 2% in London after Oddo BHF downgraded its opinion on the stock 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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