Stellantis: Margin Recovery Catalysts, Initiate Buy

Core Viewpoint - Stellantis N.V. (NYSE: STLA) is initiated with a Buy rating and a price target of $14, focusing on its diverse range of automobiles and commercial vehicles in global markets [1] Group 1: Company Overview - Stellantis designs, manufactures, and markets a broad range of automobiles, commercial vehicles, and related parts and services [1] Group 2: Research Methodology - Moretus Research employs a structured, repeatable framework to identify companies with durable business models, mispriced cash flow potential, and intelligent capital allocation [1] - The research combines rigorous fundamental analysis with a high-signal, judgment-driven process, avoiding noise and overly complex forecasting [1] - Valuation is based on sector-relevant multiples tailored to each company's business model and capital structure, emphasizing comparability, simplicity, and relevance [1] Group 3: Investment Thesis - The Buy thesis is supported by a focus on underappreciated companies undergoing structural change or temporary dislocation, where dispassionate analysis can lead to asymmetric returns [1] - Moretus Research aims to provide professional-grade insights, actionable valuation, and a strong filter for what truly matters in modern equity analysis [1]