1059 GMT - Stellantis has been hit harder by auto tariffs than its Detroit peers, making it impossible to be confident on a U.S. turnaround, UBS analyst Patrick Hummel writes. Around 35% of Stellantis vehicles sold in the U.S. are imported, UBS says. In addition, after several quarters of severe market share loss, the company's aggressive plan to regain share in a likely shrinking U.S. market now has a lower likelihood of success, it adds. "Unlike Ford and GM, we see a high probability of losses in North America and a negative free cash flow." UBS downgrades the company to neutral from buy and lowers its price target to 8.80 euros from 16 euros. Shares rise 3.9% to 7.97 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 07:00 ET (11:00 GMT)
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