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Porsche AG plans executive board restructuring amid challenging market conditions

Porsche AG is undergoing a significant Executive Board restructuring, with plans to part ways with CFO Lutz Meschke and Chief Sales Officer Detlev von Platen. Analysts have varied ratings on the company, with Goldman Sachs maintaining a 'Buy' rating and a target price of 69 euros, while UBS and Bernstein rate it 'Neutral' and 'Market-Perform' respectively, reflecting concerns over market conditions and tariffs.

UBS Downgrades Porsche Automobil Holding SE to Sell Amid Market Concerns

Porsche Automobil Holding SE, which owns 53.3% of Volkswagen AG, has been downgraded to sell by UBS. The holding company oversees a diverse portfolio, including brands like Audi, Bentley, and Lamborghini, and also holds stakes in various mobility and printing solution companies.
14:07 09.12.2024
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