6,567
edits
Volkswagen: Analysts Opinions: Difference between revisions
Volkswagen: Analysts Opinions (view source)
Revision as of 08:49, 29 November 2023
, 29 November 2023no edit summary
No edit summary |
No edit summary |
||
| Line 2: | Line 2: | ||
== November, 2023 == | == November, 2023 == | ||
November 29, 2023: JP Morgan analyst Jose Asumendi downgraded Volkswagen's price rating from overweight to neutral and lowered its price target from 160 euros to 128. He is worried about rising competition in the automobile market. He pointed out that big car manufacturers such as VW, GM, Ford and Stellantis have been losing market share over the years due to the internationalization of the automobile market, which will continue next year. He said new manufacturers from China and North America "appeared on the scene, gained market shares and shook the market."<ref>https://www.finanzen.ch/analyse/volkswagen-vw-vz-neutral-923027</ref> | |||
November 24, 2023: Barclays lowered Volkswagen's price target to 135 euros from 150 but maintained their buy rating. Analyst Henning Cosman is sceptical about the sector noting that Europe's car manufacturers are currently in the backseat compared to their suppliers. Volkswagen remains his favourite among the car makers<ref>https://www.finanzen.net/analyse/volkswagen_vw_vz_overweight-barclays_capital_922655</ref>. | November 24, 2023: Barclays lowered Volkswagen's price target to 135 euros from 150 but maintained their buy rating. Analyst Henning Cosman is sceptical about the sector noting that Europe's car manufacturers are currently in the backseat compared to their suppliers. Volkswagen remains his favourite among the car makers<ref>https://www.finanzen.net/analyse/volkswagen_vw_vz_overweight-barclays_capital_922655</ref>. | ||
== References == | == References == | ||