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UBS has downgraded Porsche Automobil Holding SE to a "sell" rating, lowering its price target to €32 per share from €42. The downgrade reflects concerns over revenue growth and profitability challenges, particularly due to Volkswagen's financial outlook and expected dividend reductions. With high net debt and structural inefficiencies, Porsche SE's financial stability is at risk, necessitating improved performance from its core investments.
UBS has downgraded Porsche Automobil Holding SE to a "sell" rating, lowering its price target to €32 per share from €42. The downgrade reflects concerns over revenue growth and profitability challenges, particularly due to Volkswagen's financial outlook and expected dividend reductions. Analysts highlighted issues such as weak cost discipline and governance inefficiencies, raising doubts about Porsche SE's financial stability and ability to manage refinancing pressures starting in 2027.
UBS has downgraded its recommendation on Porsche Automobil Holding from 'neutral' to 'sell', reducing the price target from €42 to €32, indicating an 8% downside potential for the shares. This decision stems from recent price target reductions on Volkswagen and Porsche shares, alongside concerns regarding the company's ability to pay dividends.
UBS has downgraded its recommendation for Porsche Automobil Holding from 'neutral' to 'sell', reducing the price target from €42 to €32, indicating an 8% downside potential for the stock. This decision reflects concerns over the company's ability to pay dividends amid growing uncertainty.
UBS has downgraded its recommendation for Porsche Automobil, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, clarifies that it has not influenced the analysis and holds no conflicts of interest regarding the investment recommendations provided. The information is intended for informational purposes only.
UBS has downgraded Porsche SE from "Neutral" to "Sell," reducing its target price from 42 to 32 euros. Analyst Patrick Hummel cited weaker dividend prospects and significant refinancing pressure expected from 2027, following lowered price targets for VW and Porsche AG, in which Porsche Holding has substantial stakes.
The DAX 40 outlook is influenced by the recent US election results, which have alleviated political uncertainty, and the focus now shifts to upcoming US inflation data. Key economic indicators, including EU industrial products and US consumer prices, will be closely monitored, alongside speeches from various Federal Reserve representatives. The reporting season is gaining momentum, with major companies like Bayer, Allianz, and Siemens set to release their figures this week.
Porsche Automobil Holding shares closed down 0.42% at EUR 39.89 on October 22, 2024, following UBS's reduction of its price target from 52 to 42 euros while maintaining a neutral rating. The company has a market capitalization of 6.1 billion euros and a dividend yield of 5.59% for the 2024 financial year, despite a year-on-year decline of 10.42%. Investors are urged to consider their options as the latest analysis indicates a pressing need for action.
Porsche Automobil Holding SE
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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UBS Downgrades Porsche SE to Sell with Target Price Cut to 32 Euros
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DAX 40 outlook focuses on US inflation data and corporate earnings reports
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14:18 11.11.2024
ubs lowers porsche target price amid declining share performance
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