Renault: Positive On Nissan Deal And Limited Tariff Exposure

  • I remain a bull on Renault SA; its risk-reward is attractive, with solid upside potential and modest downside risks. Renault's recent agreement with Nissan suggests that there are opportunities for a cash windfall from stake reduction and further expansion in the Indian market. Renault's downside is mitigated by its diverse geographical mix and strong revenue visibility.