Porsche Automobil: UBS downgrades recommendation
(CercleFinance.com) - UBS downgrades its recommendation on Porsche Automobil Holding from 'neutral' to 'sell', with a target price reduced from E42 to E32.
This new target implies 8% downside potential for the German automaker's stock.
Our latest price target reductions on Volkswagen and Porsche shares, as well as growing uncertainty about Porsche Automobil Holding's ability to pay dividends, have led us to downgrade our advice, it explains.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
This new target implies 8% downside potential for the German automaker's stock.
Our latest price target reductions on Volkswagen and Porsche shares, as well as growing uncertainty about Porsche Automobil Holding's ability to pay dividends, have led us to downgrade our advice, it explains.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.