Renault SA
RNO: XPAR (FRA)
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| <y | LOCK|j? | LOCK|s>jskt |
Renault: Adjustments to Nissan Alliance Reveal Continued Pragmatism in Execution; Valuation Intact
Renault and Nissan have announced several updates regarding their strategic partnership. We believe this announcement is positive for Renault on multiple fronts. We make no changes to our fair value estimate of EUR 80 per share, as we have already incorporated higher growth in Asia over the medium term, and Renault has maintained its 2025 guidance for free cash flow and operating margin following these transactions.
