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.
BMW shares fell by 4.0 percent to EUR 69.72 in early trading, which is a decline of 26.5 percent since the beginning of 2024. Despite this drop, the stock still has a potential upside of 7.57 percent compared to UBS's target price. The trading volume for BMW shares reached 1,090,903.
The release of the third-quarter results for 2024 is eagerly anticipated by investors and is scheduled for November 6, 2024.