Citi
June 23, 2026
The Point For Europe
Daily UpdateEquitiesMacro Economic IndicatorsConsumer DiscretionaryHealth Care
This report provides market updates on European equities, including downgrades for VW and Persimmon, and analyzes geopolitical impacts on global supply chains.
Key Takeaways
- 1.Volkswagen faces structural headwinds and intense pricing pressure in Europe, leading to target price cuts.
- 2.RWE agreed to acquire a 35% stake in Amprion for EUR3.6bn, expected to close in 3Q26.
- 3.Middle East conflict tensions, despite an interim US-Iran agreement, continue to pose supply-chain and inflationary risks.
Table of Contents
- Top Call
- Company
- Must Read
- Industry
- Strategy & Economics
- Key Rating and Target Price Changes
- Appendix A-1
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Callum McLaren-StewartMay Rostom
Securities
VOWG.DERWEG.DE
Themes
European Automotive Industry ChallengesMiddle East Supply Chain Disruption
Regions
EuropeMiddle EastUnited KingdomGermanyChina