BMW: UBS adjusts target price

(CercleFinance.com) - While maintaining its "neutral" rating on the BMW stock, ahead of a first quarter that will probably be weak, UBS has shaved 2 euros off its target price, which is currently 74 euros (vs.
76 euros previously), which is now pretty much in line with the car maker's current share price.

Its note concludes that it has cut its 2019 EPS estimates by 24% for the group, so as to take into account the provision on cartels in the European Union.


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.