BUZZ-Jefferies reviews automakers’ Q3 performance, upgrades Renault rating, downgrades Mercedes-Benz rating
路透社2026/11/10 09:02November 10 - ** Jefferies, in preparation for 2027, summarized automakers' third-quarter results, upgraded Renault RENA.PA rating, and downgraded Mercedes-Benz MBGn.DE rating
** The institution stated that Renault is well-positioned for 2027, benefiting from changes in European policy, carbon dioxide emission regulations, and the growth of its engine joint venture Horse
** Renault shares rose about 2%; Mercedes-Benz fell by 0.2%
** The report says that Mercedes-Benz has no advantage in cash flow generation in the Chinese market and its profitability faces pressure, which may be a drag
** Overall, Jefferies stated that none of the automakers with business exposure to China have provided reassurance on market demand or future market position
** The report pointed out that commodity inflation is mixed; Ford F.N and General Motors GM.N have expressed more concern over cost pressures than European carmakers, who seem less worried or are less willing to discuss developments in 2027
Company | Rating | Previous Rating | Target Price | Previous Target Price |
Renault | Buy | Hold | 34 euros | 30 euros |
Mercedes-Benz | Hold | Buy | 44 euros | 46 euros |
Ford | Buy | No change | 16.50 USD | 17.50 USD |
General Motors | Buy | No change | 99 USD | No change |
BMW | Retain | No change | 60 euros | No change |
Volkswagen | Buy | No change | 120 euros | No change |
(To facilitate non-English speakers, Reuters provides automated translations of its reports in several languages. Because automated translation may contain mistakes or lack necessary context, Reuters does not guarantee the accuracy of automated translations and provides them solely for readers’ convenience. Reuters accepts no liability for any damages or losses caused by the use of the automated translation feature.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After Jensen's resignation, the "Big Short" doubles down on shorting tech stocks! Warns the AI boom may turn into a "bull trap"
Michael Burry increased his short positions following Huang Renxun's resignation. He compared Nasdaq’s October peak to the top of the 2000 internet bubble. On November 12th, he doubled his put option positions on the Nasdaq 100, with expiry set for early 2027, and rebuilt put options on the VanEck Semiconductor Index. He directly warned investors to "exit the market" and predicted a significant correction in chip stocks before mid-2027.
Tesla (TSLA.US) Cybercab limited pre-orders open: priced at $29,990, with an additional monthly operating fee of $299
According to reports, Tesla has invited select customers to reserve the Cybercab, taking a step toward launching this self-driving model to general consumers.
Fed Vice Chair Sets the Tone: Inflation Is the "Most Important Signal," Interest Rate Decisions Depend on It
Federal Reserve Vice Chair Philip Jefferson stated that when policymakers consider whether to raise interest rates further, inflation has become the most important metric.
Elon Musk Leads Petition! Silicon Valley Supports Jensen Huang as Tens of Thousands Call for the Return of the Founder
Elon Musk has publicly co-signed a petition in support of Jensen Huang’s return to NVIDIA. The number of signatures on the petition website has surpassed 14,000, causing the site to almost crash due to a surge in traffic. What is raising further alarm in the capital markets is that NVIDIA’s core engineers have made collective statements, warning that if senior management mishandles the situation, key technical talent may leave, potentially undermining NVIDIA’s competitive moat.
Crypto prices
More
