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Auto1 Shares Surge as UBS Doubles Price Target to 20.50 Euros
Auto1 shares continue their impressive rally, rising 3.6% to reach €16.50, marking a 150% increase this year. UBS analyst Jo Barnet-Lamb has more than doubled the price target to €20.50, citing a resurgence in consumer activity in the European used car market and effective cost-cutting measures as key growth drivers.
UBS Maintains Buy Rating for AUTO1 Group SE's Digital Automotive Platform
UBS has maintained a Buy rating for AUTO1 Group SE, a German software company that operates a digital automotive platform. This platform facilitates the buying and selling of used cars for both consumers and professional dealers, eliminating the need for price negotiations.
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