** Milan-listed shares of Stellantis STLAM.MI rise 2% after the Franco-Italian carmaker presented a €60 billion ($70 billion) strategy focused on new partnerships, core brands and better use of excess capacity on Thursday

** The five-year plan, which foresees 60 new models by 2030, was accompanied by partnership announcements with Chinese automakers Leapmotor 9863.HK and Dongfeng 600006.SS, as well as cooperation with Tata Motors TAMO.NS and Qualcomm QCOM.O

** "We believe that focusing on product range renewal and cost reduction constitutes the right foundation for the 5-year plan," brokerage Equita says

** The auto group has confirmed a coherent and pragmatic strategic reset, with a cleared medium-term financial trajectory and credible targets, Intermonte adds

** Stellantis has advanced understanding of its product strategy and executed its capital markets day well, Citi says, though it adds investors will remain fearful of "obvious" structural headwinds

** Equita and Intermonte also say investors will remain focused on execution and turnaround speed

($1 = 0.8613 euros)