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LivestreamMenuStellantis is likely to continue underperforming as its turnaround efforts take more time to translate into market share gains, according to JPMorgan. The investment bank downgraded the automotive manufacturing name to neutral from overweight. “We think the firm still needs ~14 months of work to reap the benefits of purchasing components at a lower price, feeding through to the product launches coming on stream in FY27/28,” analyst Jose Asumendi said in a note to clients. “The STLA investment case hinges on the turnaround of its [North American] operations, which have been heavily impacted by destocking actions as well as price repositioning measures for vehicles in the region.” STLA YTD mountain STLA in 2026 The parent company of Dodge, Fiat, Jeep, Chrysler, Ram and Peugeot would have to drastically reduce its labor force and capacity across Europe and North America for improvements to materialize faster, he added. “We are looking for a still relatively slow second quarter…with both regions … still printing close to break even margins as well as a moderate earnings progression into FY27/28,” Asumendi wrote. JPMorgan’s call falls in line with consensus on Wall Street. Of the 12 analysts covering Stellantis, five have a hold rating on the stock, four have a buy or strong buy and three have an underperform on it, LSEG data shows. Shares have fallen 50% year to date.Read More
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