BMW: Oddo raises target price
(CercleFinance.com) - Oddo maintains its "neutral" rating on BMW shares, while raising its target price from 90 euros to 95 euros.
While the car maker already presented its preliminary results on 9 March, the focus of yesterday's publication was essentially on its outlook for 2023.
The group remains confident, guiding on an overall stable or even growing operating margin in 2023 (range of 8% to 10% vs. 7% to 9% guided in 2022).
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.