Existing users please login

Forgot Password

    Home / Markets / Industries / Transportation

    Monday, November 23, 2009

    Renault Lifted To Outperform At Credit Suisse

    | Respond to Editor | Print

     
    By Barbara Kollmeyer
    MarketWatch Pulse
       

      MADRID -- French auto group Renault was upgraded to outperform from underperform on Monday at Credit Suisse, which said it sees fast-improving cash flows at Nissan. Those cash flows at Nissan, of which Renault owns a 44% stake, will be underpinned by strong growth to come in U.S. and China markets, said the investment bank, who lifted its price target to 43 euros from 30 euros. Credit Suisse said it's now recommending investors be long in autos that are least dependent on European Union mass-market demand. For this, the investment banki also likes Daimler , Fiat and Volkswagen . The investment bank cut BMW to underperform from outperform, owing to risk to near-term earnings momentum.

      Copyright © 2009 MarketWatch, Inc.

      Fox Business Video


      Last 5 Stocks

      • Ticker
      • Company
      • Price
      • Change
       

      Personal Finance - Investing - Financial News - Business News - Stock Market Quotes & News - Small Business

      Advertise with us | Jobs at FOX Business Network | Internships at FBN

      Terms of use. Privacy Statement. For FOXBusiness.com technical issues write to foxbusinessonline@foxbusiness.com; for all other feedback, write to feedback@foxbusiness.com.

      Quotes delayed at least 15 minutes. Market Data provided by Interactive Data (Terms & Conditions). Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

      This material may not be published, broadcast, rewritten, or redistributed. ©2010 FOX News Network, LLC. All rights reserved.