Volkswagen: Oddo BHF lowers its price target

(CercleFinance.com) - While maintaining its 'neutral' opinion on Volkswagen, Oddo BHF has lowered its price target from E105 to E100, following the German automaker's earnings warning for 2024 issued on Friday evening.


"This warning is not likely to come as a major surprise to investors, but it nevertheless highlights the increasingly difficult environment facing automakers in most regions", reacts the analyst.

The Group still warns that the deterioration in the macroeconomic environment is having a negative impact, which could translate into additional risks, particularly for the Brand Group Core," he adds.

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