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Story summary
- Citi said Stellantis’s May and June U.S. sales were disappointing, with market-share slipping to 7.5% and 7.6%, the low end of its 10-year record.
- Citi noted only the RAM line and a strong June for the Chrysler Pacifica minivan performed well, while the rest of the U.S. portfolio stayed weak.
- Citi cut the target price to €5.50 from €7.20.
- Citi kept a neutral rating.
- Stellantis shares rose 0.1% to €4.70.
