Porsche Automobil Holding has received a downgrade from UBS, with the recommendation changing from 'neutral' to 'sell'. The price target has been adjusted from €42 to €32, indicating a potential 8% decrease in the company's shares.
The reason for the downgrade is the recent reduction in price targets for both Volkswagen and Porsche shares, as well as concerns about Porsche Automobil Holding's ability to continue paying dividends. These factors have influenced UBS's updated recommendation.