---
title: "BUZZ-Bernstein cuts Stellantis to 'underperform' and lowers estimates, shares slide"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295206609.md"
datetime: "2026-08-07T09:00:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295206609.md)
  - [en](https://longbridge.com/en/news/295206609.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295206609.md)
generator: "portal-rs"
---

# BUZZ-Bernstein cuts Stellantis to 'underperform' and lowers estimates, shares slide

Bernstein cuts Franco-Italian car maker Stellantis (STLAM.MI) to “underperform” from “market-perform,” seeing “substantial” scope for reducing estimates after its Q2 miss

The brokerage slashes its adjusted operating income estimates for 2026, 2027 and 2028 by respectively 19%, 39%, and 31%

It sees consensus figures cited by Visible Alpha as over-stretched, both for AOI and North America shipment levels

It judges it necessary for the car maker to reduce production rate in the second half of 2026, given the gap between shipments and registrations in North America

Bernstein thus cuts PT by 35.5% to €4 ($4.61) per share, pointing to an 18% downside

Milan-listed shares in Stellantis fall around 3% and are down 50% since the start of the year

Out of 28 analysts that cover Stellantis, four rate the stock “buy,“​ 18 maintain a “hold” rating and six rate the stock “sell” - LSEG data ($1 = 0.8679 euros)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**