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Fly News Breaks for July 15, 2019
Jul 15, 2019 | 21:12 EDT
Goldman Sachs analyst George Galliers initiated Renault with a Neutral rating and a price target of EUR 59. The analyst says the company's medium term savings plan is running "slightly behind" after it gave some support to its suppliers last year, but expects the effort to remain a tailwind. Galliers adds that Renault's revenue growth from regions outside of Europe could be pressured given the recent restrictions on sales in Iran as well as the negative sales developments in China.
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