Berenberg analyst Adrian Yanoshik downgraded BMW to Hold from Buy with a EUR 95 price target. Affordability and demand concerns are higher for auto makers in 2023, the analyst tells investors in a research note. The analyst cites valuation for the downgrade of BMW.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on BMWYY:
- BMW price target lowered to EUR 85 from EUR 90 at Morgan Stanley
- BMW price target raised to EUR 95 from EUR 90 at JPMorgan
- BMW downgraded to Market Perform from Outperform at Bernstein
- BMW says company doubled EV sales in 2022, targets BEVs at 15% of total in 2023
- Solid Power expands joint development agreement with BMW