JPMorgan Downgrades OPmobility to Neutral

JPMorgan has downgraded OPmobility from 'overweight' to 'neutral' and reduced its price target from 16.50 euros to 12 euros, citing limited upside potential and concerns over earnings visibility due to inflationary pressures and restructuring costs. Earlier in October, OPmobility issued a profit warning for 2026, attributing it to a sharper-than-expected decline in the global automotive market and announcing restructuring measures in France and Germany, with estimated costs of 120 to 130 million euros.