Citi ups Forvia to 'neutral' on improved risk-reward

Forvia SE

11/03/2026 07:37

** Citi upgrades French automotive parts supplier Forvia FRVIA.PA to "neutral" from "sell" citing an improved risk-reward profile after a significant share price decline

** Up to the previous session's close, shares were down 24.2%​ YTD - LSEG data

** The brokerage notes the company showed better-than-expected resilience and solid cash generation of around 1 billion euros ($1.16 billion) in 2025

** Achieving over 1 billion euros in cash from disposals by 2026 could "support the equity narrative and de-gearing" towards its 2028 leverage targets, Citi adds

** While the stock remains "high-risk" and sensitive to macro shocks, the broker sees upside potential from stable vehicle production and successful cost reductions

** Out of 15 analysts covering Forvia, four rate it "strong buy"/"buy," ​nine "hold" and two "strong sell"/"sell" - LSEG data

($1 = 0.8597 euros)

(Reporting by Hugo Lhomedet)

((hugo.lhomedet@thomsonreuters.com))