Stellantis drops after JPMorgan cuts price target
Stellantis is the worst-performing stock on the FTSE MIB today, as analyst sentiment weighs on shares. JPMorgan cut its price target to €11 from €13, while Jefferies reiterated its "Buy" rating.
The stock slipped 2.30% to €8.376, with traders eyeing further downside toward support levels at €8.289 and €8.201. Resistance is seen at €8.635.
The sell-off highlights investor caution despite the reaffirmed bullish stance from some analysts, as concerns over the sector’s outlook persist.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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