Jefferies Reiterates a Buy Rating on Stellantis N.V. (STLA), Sets a €11 PT

Group 1 - Stellantis N.V. is considered one of the best affordable stocks to buy under $20, with a Buy rating and a price target of €11 set by Jefferies analyst Philippe Houchois [1] - Stellantis announced plans to invest $13 billion over the next four years to support business growth in the US market and expand its domestic manufacturing footprint [2] - This investment is the largest in the company's 100-year history in the US and is expected to introduce five new vehicles, create over 5,000 jobs in several states, and produce a new four-cylinder engine [3] Group 2 - The new investment will increase Stellantis's annual finished vehicle production by 50% over current levels, enhancing its already significant US footprint [4] - Stellantis designs, manufactures, distributes, and sells vehicles under various brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, and others [4]