Piper Sandler raises Stellantis to 'overweight' on U.S. turnaround expectation

Piper Sandler revises higher its rating on Stellantis STLAN.N to "overweight" from "neutral", citing potential for "rapid" upside if "faster-thank-expected" margin expansion is achieved

Raises PT for NY-listed shares to $15 (12.85 euros) from $9

Expects adjusted operating margin of 3.6% in 2026 and 4.7% in 2027, implying "very strong but doable" incremental margin of at least 30%

Sees turnaround in U.S., most important region for the Franco-Italian automaker, as "likely"

New product launches expected in 2026 should boost gains as co's U.S. market share has bottomed out, it notes

Calls joint venture with Chinese electric vehicle (EV) maker Leapmotor 9863.HK "intriguing", offers unique way to impact Chinese competition

Out of 11 analysts that cover Stellantis NY-listed shares, ​one rates the stock "buy",​​ seven rate "hold" and three​ rate the stock "strong sell" or "sell", with median PT $10.25 - LSEG data

(1 euro = $1.1672)