In a note on automotive suppliers, Stifel raises its recommendation on Plastic Omnium from 'hold' to 'buy' with a price target of 17 euros, after its recent underperformance following a warning in November 2023.

The stock may not offer the best earnings growth in 2024 (Valeo and Conti seem better options in the short term), but current prices offer a good entry point and 2025 multiples look attractive", the broker believes.

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