Bernstein cuts Valeo to 'market-perform' on scepticism over 2028 targets

Valeo SE

25/11/2025 13:18

** Bernstein downgrades Valeo VLOF.PA to "market-perform" from "outperform", citing scepticism over the French automotive supplier's growth guidance

** After the stock's 30% rise this year, Valeo is "firmly in 'show me' territory" and confidence must be rebuilt, the broker says

** The company has struggled to grow faster than the car market in recent years, raising doubts about its 2028 targets, Bernstein adds

** With restricted growth potential and confidence needing to be rebuilt, it expects Valeo's shares to remain range-bound until there is evidence of stronger performance

** Out of 16 analysts that cover the stock, six rate it "strong buy" or "buy", eight "hold" and two "strong sell" or "sell" - LSEG data

(Reporting by Jérôme Terroy)

((jerome.terroy@thomsonreuters.com))