BMW: UBS upgrades stock

(CercleFinance.com) - UBS has upgraded BMW shares from 'neutral' to 'buy', with a target price raised from E75 to E83, whiçh offers 19% upside potential for the premium German automaker's stock.


BMW becomes our first choice among original equipment manufacturers on improved FCF and probably even higher cash returns (around 15%), before the start of a new paradigm with the Neue Klasse, the broker says.


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