BofA Downgrades Stellantis on Chinese EV Threat: Is the Turnaround Story Already Dead?

Bank of America downgraded Stellantis to Underperform from Neutral and cut its price target to EUR 5.50 from EUR 7.50, a 26.7% reduction. The note signals weaker conviction on the stock’s fundamentals and near-term outlook. This is negative for sentiment but is likely to be stock-specific rather than sector-wide.

Analysis

Bank of America downgraded Stellantis to Underperform from Neutral and cut its price target to EUR 5.50 from EUR 7.50, a 26.7% reduction. The note signals weaker conviction on the stock’s fundamentals and near-term outlook. This is negative for sentiment but is likely to be stock-specific rather than sector-wide.