UBS upgraded Volkswagen (VWAGY) to Neutral from Sell with a EUR 105 price target The firm says a more constructive outlook for Germany, both as a sales market and production base, can support further multiple expansion for VW shares. While tariff risk could still materialize in April, European Union CO2 headwinds should be smaller than feared after the announced relaxation of EU rules, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VWAGY:
- Porsche not considering sale of Volkswagen shares, Reuters says
- Volkswagen price target raised to EUR 122 from EUR 112 at Berenberg
- Ferrari (NYSE:RACE) Has a Strategy for Tariffs
- Volkswagen’s Resilient Earnings Call Highlights Growth
- Volkswagen price target raised to EUR 125 from EUR 115 at Deutsche Bank
Questions or Comments about the article? Write to editor@tipranks.com