UBS has upgraded Volkswagen's stock rating from Sell to Neutral, raising the price target to EUR 105 from EUR 75, reflecting optimism about the automaker's prospects amid a 28% year-to-date return. Key factors include a positive outlook for Germany's automotive market, improved profit forecasts despite potential tariff risks, and disciplined investment strategies aimed at enhancing cash flow.In related news, Volkswagen Group of America is negotiating with the UAW, having addressed 90% of the union's demands, while Citi maintains a Buy rating, citing potential government support for the European auto industry. Bernstein has downgraded its price target to EUR 102 due to tariff concerns, while Barclays reaffirms its Overweight rating, highlighting a strategic compromise that could save €4 billion.