Barclays cuts Renault to 'equal weight' on limited upside

Renault SA

21/08/2026 07:46

** Barclays downgrades French carmaker Renault RENA.PA to "equal weight" from "overweight", saying the stock's recent strong run leaves less upside
** Renault shares have risen about 15% from June lows and outperformed the STOXX Europe Autos & Parts index .SXAP, the broker notes
** It cuts 2026-2028 adjusted EBIT forecasts by 3%-6% and now models FY26 profitability below Renault's 5.3%-5.7% margin guidance range
** Barclays says Renault is well run, but competition in Europe remains intense and requires significant cost cuts
** The brokerage adds it does not think it is possible for Renault to achieve the H2 purchasing savings needed to meet FY26 guidance
** Out of 20 analysts that cover Renault, nine rate the stock "strong buy" or "buy",​ eight "hold" and three​ "strong sell" or "sell" - LSEG data

(Reporting by Aleksandra Kret in Gdansk)
((aleksandra.kret@thomsonreuters.com))