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Auto & Transport Market Insights

Wall Street Journal Markets •
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Renault's first-half results showed resilience amid concerns over Chinese imports in Europe, with Bernstein analysts noting a 9.7% market share for Chinese brands in Western Europe, up from 5.2% in 2025. Bernstein lowered its price target to 40 euros from 43 euros but maintained an outperform rating, citing Renault's strong performance. Shares rose 3.4% to 28.19 euros.

Ferrari's second-quarter earnings beat and full-year upgrade reinforced Berenberg's buy thesis. The bank raised its price target to 384 euros from 381 euros, expecting double-digit earnings growth in 2027. Shares increased 1.7% to 345.95 euros, driven by improved price/mix and personalization.

Airports of Thailand's fiscal 3Q earnings are expected to decline 17.3% year-on-year due to lower passenger numbers linked to the Middle East conflict. However, 4Q outlook is brighter with improved July data. UOB Kay Hian maintains a buy rating and THB80.00 target price, as shares rose 1.2% to THB64.50.