NuWays Raises Ebro Motors Price Target to EUR 16.50 From EUR 14.50
Bitget2026/10/30 08:00- NuWays raised Ebro Motors' 12-month price target to EUR 16.50 from EUR 14.50, retaining its Buy rating on October 30, 2026.
- The firm increased its 2027 Chery assembly forecast to at least 25,000 vehicles from 6,000.
- Annual Chery assembly estimates rose to 50,000 vehicles from 2028, versus 40,000 previously.
- EU hybrid import restrictions could accelerate Chery production in Barcelona, improving factory utilization and fixed-cost absorption.
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