Aston Martin Analysts Change Tune After Geely Deal
- Mediobanca says buy stock after three years at underperform
- Oddo, Barclays see cross-brand benefits, easing cash worries
The Aston Martin DBX SUV world premiere in Beijing.
Photographer: Greg Baker/AFP/Getty Images
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Analysts are turning more bullish on Aston Martin Lagonda Global Holdings Plc after news of increased Chinese funding for the British luxury carmaker.
One broker, Mediobanca S.p.A., reversed a three-year recommendation to clients that they sell the stock, assigning an outperform rating. Oddo BHF followed suit, having been neutral on the shares for more than 18 months. Barclays Plc reiterated an overweight view and increased its price target.