Jefferies analyst Philippe Houchois upgraded BMW (BMWYY) to Buy from Hold with a price target of EUR 85, up from EUR 80, as part of a broader research note on European auto names. Peak capital spending at BMW this year could warrant a premium to a MBG (MBGYY), which is facing re-positioning and re-investment, the analyst tells investors in a research note. The firm believes that in 2025, BMW will reap the benefit of continuity and consistency of a long planned strategy, at a time of unusually high uncertainty for the auto industry.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MBGYY:
- Mercedes-Benz downgraded to Neutral from Buy at UBS
- Mercedes-Benz downgraded to Underweight from Equal Weight at Barclays
- Tariffs could push auto prices out of U.S. consumers’ reach, says Morgan Stanley
- Automakers slide after Trump threatens 25% tariff on Mexico, Canada
- California to restart ZEV rebate if federal credit eliminated, may exclude Tesla