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OPM Opmobility SE News Story

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Kepler upgrades 'preferred French supplier' OPMobility to 'buy'

** Kepler Cheuvreux upgrades French automotive supplier OPMobility OPM.PA to "buy" from "hold", citing a recovery in its Lighting business and resilient hybrid car demand

** The brokerage names the company its "preferred French supplier" amid expectations of a declining global market for light vehicle production (LVP) from 2025

** A progressive recovery in its Lighting division is expected to boost both revenue and profit margins for the group going forward, the broker notes

** Kepler adds that more resilient volumes for Internal Combustion Engine (ICE) and hybrid cars and reduced losses from new energy activities should also improve margins

** Out of 10 analysts that cover Opmobility, five rate the stock "strong buy" or "buy", ​two rate "hold" and three rate it "strong sell" or "sell" - LSEG data

 (Reporting by Dimitri Rhodes)

 ((Dimitri.Rhodes@thomsonreuters.com;))

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