[Dow Jones] Renault's (13190.FR) 4-year strategy revamp is "highly risky" as its success depends on factors outside the company's control, notbly customer demand and general market developments, says Dresdner Kleinwort Wasserstein.
Says the program is "a VW (VOW.XE) deja vu," and although 6% margin target and EUR4.50 dividend by 09 are "nice carrots", they depend on company's ability to enter new segments with new models. Keeps at reduce with a target of EUR62. Shares -2.2% at EUR74. (DGP)