Porsche: UBS trims target price
(CercleFinance.com) - UBS has trimmed its target price for the Porsche share from 80 euros to 79 euros, after the German luxury carmaker reported its full-year results.
In a note to clients, UBS said that it maintains a "bullish stance" on the stock, citing Volkswagen's cash generation power, a reduced risk in its dividend and a potential reduction in its net asset value (NAV) discount.
The broker maintains its "buy" rating on the share.
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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.
In a note to clients, UBS said that it maintains a "bullish stance" on the stock, citing Volkswagen's cash generation power, a reduced risk in its dividend and a potential reduction in its net asset value (NAV) discount.
The broker maintains its "buy" rating on the share.
Copyright (c) 2019 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.