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Volkswagen: supported by a broker upgrade
(CercleFinance.com) - Volkswagen gains nearly 2% in Frankfurt, buoyed by favorable comments from UBS, which raises its recommendation from 'sell' to 'neutral' on the German automaker's shares, with a price target raised from €75 to €105.
The broker explains that it 'takes a more balanced view' of the dossier. Fundamental headwinds have not disappeared, but Volkswagen is making progress on free cash flow and could benefit from the 'German Renaissance' theme," it believes. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
21/03/2025 17:33
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