Stellantis invests additional $55 million in air taxi maker Archer
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Citi on Stellantis NV (STLA:FP) (STLA): 'Some recovery in STLA market share, but Q2 sales down 21% yoy'
July 3, 2024 6:25 AM EDTCiti analyst Harald Hendrikse reiterated a Neutral rating and EUR22.00 price target on Stellantis NV (STLA:FP) (NYSE: STLA).
The analyst comments "US sales in June came in at 1.32m units, or a SAAR of 15.3m see our US Auto analysts take here... More
Canaccord on Archer Aviation Inc. (ACHR): 'investors should view Stellantis’ reaffirmed commitment to Midnight development positively'
July 2, 2024 11:42 AM EDTCanaccord Genuity analyst Austin Moeller reiterated a Buy rating and $9.00 price target on Archer Aviation Inc. (NYSE: ACHR).
The analyst comments "
Today, Archer Aviation (ACHR) announced that its key manufacturing partner, Stellantis, invested the remaining $55M available through their equity forward purchase agreement into the company. Originally in January 2023, Stellantis pledged to invest up to $150M into ACHRs stock, with two investments made during... More
