0914 GMT - Stellantis reinstated guidance, but only for the second half of the year and its forecasts sit at the very low end of expectations, UBS analyst Patrick Hummel writes. The guidance leaves the door open for negative full-year free cash flow, UBS says. The margin is expected in the low single-digit percentage territory in the second half, while the negative tariff impact is now seen at 1.5 billion euros, from 1 billion-1.5 billion euros previously. The bank expects an overall negative reaction with further consensus revisions to adjusted operating income and free cash flow. The share price reaction will also depend on the appearance of the new CEO in the conference call, UBS says. Shares fall 2.3%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
July 29, 2025 05:14 ET (09:14 GMT)
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