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Citi stays at 'buy' on Aston Martin, says pricing trends remain strong
By Alexander Bueso
Date: Thursday 11 Mar 2021
LONDON (ShareCast) - (Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation for shares of Aston Martin pointing to signs of strong pricing for its sports cars.
First, its proprietary date showed that the "unexpected" strength in demand for its Sports and GT models that carmaker saw at the end of 2020 had extended into 2021.
Secondly, the first indications for used vehicle pricing in the US for its DBX were "particularly strong".
The latter, Citi said, was a "positive for an integral component of the buy-case."
Citi had a 2,800.0p target price on Aston Martin's shares.