ubs maintains neutral rating for bmw shares with target price of 75 euros

UBS AG has given BMW shares a "Neutral" rating with a target price of 75 euros. Analyst Patrick Hummel expressed disappointment, stating that the company's quarterly report did not meet even low expectations. Concerns were raised about cash flow.

On the day of the analysis, BMW shares were trading at EUR 69.72 in XETRA, down 4.0 percent. This indicates an upside potential of 7.57 percent relative to the target price. The trading volume for BMW shares reached 1,090,903. The share price has declined by 26.5 percent over the course of 2024.

BMW is set to release its quarterly results on November 6, 2024.

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