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UBS has downgraded Valeo from Buy to Neutral, reducing the price target from €13 to €8 amid significant uncertainty related to CO2 emissions regulations, strikes at Volkswagen, and customs duties. The firm highlights concerns over stagnant volume growth, unclear OEM production schedules, and strong cost pressures, which are likely to keep profit margins low and may lead to balance sheet weaknesses due to weak free cash flow.
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.
UBS has reduced its target price for Volkswagen preference shares from 84 to 75 euros, maintaining a "Sell" rating. Analyst Patrick Hummel noted that the company's reorganization will be a lengthy process, with operating profit and cash flow expected to remain under pressure through 2025 and possibly beyond. Optimistic views regarding valuation discounts and cost management are unlikely to yield immediate results.
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.
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.
UBS has reduced its target price for Volkswagen shares from €84 to €75, maintaining a "sell" recommendation. Analyst Patrick Hummel notes that the company's restructuring will be a lengthy process, with operating profit and cash flow expected to remain under pressure through 2025 and possibly beyond.
UBS has reduced its target price for Volkswagen preference shares from 84 to 75 euros, maintaining a "Sell" rating. Analyst Patrick Hummel noted that the company's reorganization will be a lengthy process, with operating profit and cash flow expected to remain under pressure into 2025 and beyond. Optimistic views regarding valuation discounts and cost management are unlikely to yield immediate results.
UBS has reduced its target price for Volkswagen preference shares from 84 to 75 euros, maintaining a "Sell" rating. Analyst Patrick Hummel noted that the company's reorganization will be a lengthy process, with operating profit and cash flow expected to remain under pressure through 2025 and possibly beyond. Optimistic views regarding valuation discounts and cost management are unlikely to yield immediate results.
UBS has downgraded Volkswagen's target price from 84 to 75 euros, maintaining a "Sell" rating. Analyst Patrick Hummel noted that the company's reorganization will be a lengthy process, with operating profit and cash flow expected to remain under pressure through 2025 and possibly beyond. Optimistic arguments regarding valuation discounts and cost management are unlikely to yield immediate results.
Volkswagen AG, a leading German automotive manufacturer, operates through two main divisions: Automotive and Financial Services. The Automotive Division encompasses the development and sale of a wide range of vehicles, including passenger cars, trucks, and motorcycles, while the Financial Services Division offers financing, leasing, and mobility services. The company's extensive brand portfolio features names like Audi, Porsche, and Lamborghini.
Volkswagen AG
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS Downgrades Valeo to Neutral Amid Rising Industry Uncertainties
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08:55 03.12.2024
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08:55 03.12.2024
UBS Cuts Volkswagen Target Price to 75 Euros Maintains Sell Recommendation
08:05 03.12.2024
ubs cuts volkswagen preference shares target to 75 euros maintains sell rating
08:05 03.12.2024
UBS cuts Volkswagen target price to 75 euros maintains sell rating
08:05 03.12.2024
ubs downgrades volkswagen target price to 75 euros maintains sell rating
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