Aston Martin’s First Stock Analyst Finally Recommends Buying
- Jefferies’ Houchois told clients to sell after carmaker’s IPO
- Chairman Stroll has ‘skillfully’ recapitalized: Houchois
The badge on an Aston Martin DBX sport utility vehicle.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The first analyst to cover Aston Martin Lagonda Global Holdings Plc after the carmaker’s 2018 initial public offering has finally recommended buying the stock.
Jefferies’ Philippe Houchois lifted his rating to buy from hold, saying the British company’s net debt has stabilized and a refocus on traditional “front engine” cars like the DB12 and Vantage should benefit sales.