Stellantis rises after US Q3 sales
RPT-BUZZ-Stellantis rises after US Q3 sales Widens distribution to clients, no changes to text
** Shares in Stellantis STLAM.MI are up around 4% after the Franco-Italian car maker reported roughly flat Q3 sales in the US
** Brokerage Equita deems US registration numbers as positive given the growth of its RAM brand, and expects overall sales recovery to become more evident in Q4
** TD Cowen analysts say that its US share appeared to be tracking to 8.2%, above mid/high-7s expectations, marking Stellantis' highest US share since March
** Equita also notes the rebound in France and the recovery in Italy, where including Leapmotors Stellantis outperformed the market
** Excluding session's rise, the stock was down nearly 60% YTD; it is among top gainers on European benchmark .STOXX index
(Reporting by Mirko Miorelli)
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