Stellantis Could Make a North America Comeback in 2026 -- Market Talk

Dow Jones12-03

0938 GMT - Stellantis could make its comeback in North America next year, UBS analyst Patrick Hummel writes. The bank expects the company to see a 3 billion-euro swing in adjusted operating income in 2026, fueled by regaining market share, improving mix on relaxed U.S. emission standards and cost cutting. UBS raises its 2026 adjusted operating income estimate by 1.2 billion euros to 5.4 billion euros, equating to a 3.3% margin. "We think the U.S. turnaround prevails as share price driver, despite headwinds in Europe and...growing Chinese competition." After two years of heavy cash burn, UBS expects industrial free cash flow to be a small positive in 2026. UBS upgrades Stellantis stock to buy from neutral and raises its price target to 12 euros from 8.30 euros. Shares rise 7.5% to 9.81 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

December 03, 2025 04:38 ET (09:38 GMT)

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UBS raises its 2026 adjusted operating income estimate by 1.2 billion euros to 5.4 billion euros, equating to a 3.3% margin. \"We think the U.S. turnaround prevails as share price driver, despite headwinds in Europe and...growing Chinese competition.\" After two years of heavy cash burn, UBS expects industrial free cash flow to be a small positive in 2026. UBS upgrades Stellantis stock to buy from neutral and raises its price target to 12 euros from 8.30 euros. Shares rise 7.5% to 9.81 euros. 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