Citi: Renault Is Executing Better Than Investors Expected
Citi says Renault may avoid cutting its 2026 guidance and post one of the EU auto sector’s highest group EBIT margins.
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what happened
Renault is performing far better than investors expected in 2026, Citi analysts say, according to Dow Jones Newswires. With sentiment toward the company near a low and many commentators expecting it to fail, the French automaker could be one of the few EU carmakers not to cut its 2026 guidance and could report one of the sector’s highest group EBIT margins.
During an investor call ahead of its earnings report, Renault addressed many of the issues worrying the market but reaffirmed its 2026 guidance. Citi said management had handled budgeting and execution much better than investors had anticipated. The bank cut its target price on the shares to 35 euros from 38 euros while retaining its buy rating. The stock rose 2.5% to 27.17 euros.
why it matters
Citi’s assessment offers support for Renault shares as the company maintains its 2026 outlook despite very weak investor sentiment.
instruments
sources
- Renault Doing Much Better Job Than Investors Expected — Market Talk — Dow Jones Newswires, 12 October 2026 at 08:53 UTC
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