Porsche Automobil Holding has received a downgrade from UBS, changing its recommendation from 'neutral' to 'sell'. The price target has been adjusted from €42 to €32, indicating a potential 8% decrease in the company's stock.
The downgrade is influenced by recent reductions in price targets for Volkswagen and Porsche shares, as well as concerns about Porsche Automobil Holding's ability to maintain dividend payments.
It is important for investors to carefully consider these factors and seek professional advice before making investment decisions.