Piper Sandler revises higher its rating on Stellantis (STLAN.N) to “overweight” from “neutral”, citing potential for “rapid” upside if “faster-thank-expected” margin expansion is achieved
Raises PT for NY-listed shares to $15 (12.85 euros) from $9
Expects adjusted operating margin of 3.6% in 2026 and 4.7% in 2027, implying “very strong but doable” incremental margin of at least 30%
Sees turnaround in U.S., most important region for the Franco-Italian automaker, as “likely”
New product launches expected in 2026 should boost gains as co’s U.S. market share has bottomed out, it notes
Calls joint venture with Chinese electric vehicle (EV) maker Leapmotor (9863.HK) “intriguing”, offers unique way to impact Chinese competition
Out of 11 analysts that cover Stellantis NY-listed shares, ​one rates the stock “buy”,​​ seven rate “hold” and three​ rate the stock “strong sell” or “sell”, with median PT $10.25 - LSEG data (1 euro = $1.1672)

BUZZ-Piper Sandler raises Stellantis to 'overweight' on U.S. turnaround expectation