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J.P. Morgan Sticks to Its Buy Rating for Renault (0NQF)

Tipranks - Tipranks - Fri Feb 20, 5:08AM CST

J.P. Morgan analyst Jose Asumendi maintained a Buy rating on Renault today and set a price target of €45.00.

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Asumendi covers the Consumer Cyclical sector, focusing on stocks such as Mercedes-Benz Group, Bayerische Motoren Werke Aktiengesellschaft, and Stellantis. According to TipRanks, Asumendi has an average return of 5.5% and a 54.08% success rate on recommended stocks.

In addition to J.P. Morgan, Renault also received a Buy from Bernstein’s Stephen Reitman in a report issued today. However, on the same day, Jefferies maintained a Hold rating on Renault (LSE: 0NQF).

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Based on Renault’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €27.64 billion and a GAAP net loss of €11.19 billion. In comparison, last year the company earned a revenue of €26.96 billion and had a net profit of €1.29 billion

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