1012 GMT - Stellantis CFO Doug Osterman has again reiterated the potential for a company recovery, although current North American dynamics and tariff uncertainty allow for little detail at this time, Citi analysts write. The comments come after Osterman spoke at a fireside chat, Citi says. It seems likely that first-half earnings will remain at low levels, but after that, Stellantis sees significant recovery potential, the bank adds. Tariff risks remain substantial, but the company also has opportunities to maximize U.S. production and profitability of new U.S. products. The 3.75% tariff exemption on parts also adds valuable time to localize supply chains. "Stellantis remains at deep value earnings and valuation levels." Citi retains its 9 euro target price and neutral rating. Shares rise 0.2% to 9.59 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 16, 2025 06:12 ET (10:12 GMT)
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