In a research note, Oddo BHF points out that the main financial targets had already been communicated: revenue growth of approximately 5% per year, an operating margin between 5% and 7%, free cash flow exceeding 1.5 billion euros, and an increasing dividend in absolute terms.

Analysts note that if these targets, which they describe as ambitious, were achieved, they "would demonstrate a resilience that is currently largely questioned by the market."

They add that "without being a major surprise, the strategic directions are consistent with the messages conveyed by François Provost since he took office last summer. In an environment that is expected to remain uncertain, the focus is logically placed on levers within the group's control, starting with the product, the targeted expansion of the international footprint, and the acceleration of industrial and engineering competitiveness efforts."

For the French group, the goal is to compete more effectively against increased competition and to position itself as a leading European generalist manufacturer.

Oddo BHF believes that Renault Group's task appears structurally more accessible than at Stellantis, as the company has more solid foundations and a momentum already underway, both in terms of products and industrial and commercial competitiveness.

The recommendation is Outperform, with a price target of 45 euros.