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UBS cuts Porsche AG target price amid profit warning and management changes

UBS has reduced its target price for Porsche AG from 61 to 55 euros while maintaining a "Neutral" rating. Analyst Patrick Hummel cited a "surprisingly severe profit warning" and significant management changes, leading to a cut in earnings forecasts by up to 27% for 2025 and 2026.

Norway's Electric Vehicle Market Sees New Entrants and Competitive Pricing

Norway's EV market is evolving with new entrants like the BYD Sealion and Kia EV3, expected to gain traction in the coming months. The affordable Dongfeng Nammi Box, priced at 199,900 NOK, could disrupt the economy segment by undercutting traditional ICE models. As the market adapts, the focus remains on providing budget-friendly BEV options to replace remaining plugless vehicles.

analysts favor BMW over Mercedes as automotive sector faces challenges

UBS analyst Patrick Hummel has shifted his preference from Mercedes-Benz to BMW, citing improved cash flow and attractive yield prospects for BMW, which saw a 1.5% rise in share price. In contrast, Mercedes-Benz shares fell 1.2% following a downgrade by Barclays, which expressed concerns over the impact of electric vehicle investments and regulatory risks. Despite a recent recovery, both BMW and Mercedes-Benz remain significant underperformers in the DAX for 2024.
13:02 03.12.2024

Sweden's Electric Vehicle Market Faces Challenges Amidst Shifting Consumer Trends

In November, Sweden's auto market saw plugin EVs hold a 61.7% share, with BEVs at 36.3% and PHEVs at 25.4%. The Tesla Model Y remained the best-selling BEV, while overall BEV sales dropped 11% year-on-year, largely due to tariffs on Chinese models. Despite this, PHEVs gained traction, with new models offering over 50 miles of electric range, indicating a shift in consumer preferences.

ubs analyst shift boosts bmw shares while mercedes faces downgrades

UBS analyst Patrick Hummel's shift in preference from Mercedes-Benz to BMW has led to a 1.1% rise in BMW's shares, while Mercedes-Benz saw a 1.6% decline. Hummel cites BMW's improved cash flow and attractive yield prospects, contrasting with concerns over Mercedes' investments in electric vehicles and regulatory risks. Barclays also downgraded Mercedes to "Underweight," reflecting a cautious outlook for the automotive sector amid mixed trends.
09:55 03.12.2024

ubs analyst shift boosts bmw shares while weighing on mercedes-benz

UBS analyst Patrick Hummel's shift in preference from Mercedes-Benz to BMW has led to a 1.1% rise in BMW shares, while Mercedes-Benz fell by 1.6%. Hummel cites BMW's improved cash flow and yield prospects, while expressing concerns over Mercedes' investments in electric vehicles and regulatory risks. Barclays also downgraded Mercedes to "Underweight," reflecting a cautious outlook for the automotive sector amid mixed trends.
08:55 03.12.2024

ubs shifts focus boosting bmw while downgrading mercedes shares

UBS analyst Patrick Hummel's shift in preference from Mercedes-Benz to BMW has led to a 1.1% rise in BMW shares, while Mercedes-Benz saw a 1.6% decline. Hummel cites better cash flow and yield prospects for BMW, contrasting with concerns over Mercedes' investments in electric vehicles and regulatory risks. Barclays also downgraded Mercedes to "Underweight," reflecting a cautious outlook for the automotive sector.
08:55 03.12.2024

UBS downgrades Porsche AG to neutral with target price cut to 61 euros

UBS has downgraded Porsche AG from "Buy" to "Neutral," reducing the target price from 87 to 61 euros. Analyst Patrick Hummel noted that the optimism for 2025 is fading, along with the justifications for the luxury valuation of the company.
08:50 03.12.2024

ubs downgrades porsche ag to neutral with target price cut to 61 euros

UBS has downgraded Porsche AG from "Buy" to "Neutral," reducing its target price from 87 to 61 euros. Analyst Patrick Hummel noted that the optimism for a stronger 2025 is fading, along with the justifications for the luxury brand's high valuation.
07:50 03.12.2024

ubs downgrades porsche ag to neutral and cuts target price to 61 euros

UBS has downgraded Porsche AG from "Buy" to "Neutral," reducing the target price from 87 to 61 euros. Analyst Patrick Hummel noted that the optimism for a stronger 2025 is fading, along with the justifications for the company's luxury valuation.
07:49 03.12.2024
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