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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