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Volkswagen: Analysts Opinions: Difference between revisions
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== January 2024 == | |||
January 3, 2024: Neutral, €128: Analyst Jose Asumendi of JP Morgan expects 2024 to be a strong profit year for the industry. He pointed out that car manufacturers should be able to maintain their pricing power despite lower production volumes<ref>https://www.finanzen.net/analyse/volkswagen_vw_vz_neutral-jp_morgan_chase__co__927138</ref>. | |||
== December, 2023 == | == December, 2023 == | ||
December 20: 2023: Buy, €149: Stiffel believes that Volkswagen is <nowiki>''</nowiki>a promising investment case for 2024<nowiki>''</nowiki> due to cost reductions and its upcoming models. Stiffel | December 20: 2023: Buy, €149: Stiffel believes that Volkswagen is <nowiki>''</nowiki>a promising investment case for 2024<nowiki>''</nowiki> due to cost reductions and its upcoming models. Stiffel added that the market underestimates VW's ability to reduce costs even under strong pressure.<ref>https://www.marketscreener.com/quote/stock/VOLKSWAGEN-AG-436737/news/Volkswagen-Stifel-confirms-its-recommendation-on-the-stock-45607933/</ref> | ||
December 20, 2023: Market Perform, €124: Analyst Daniel Roeska of Bernstein Research forecasts that the end of government subsidies will push up EV prices by 6 to 17%, hence lowering their demand even if automakers are helping their customers. He forecasts that the end of subsidies will cost automakers 3 billion euros<ref>https://www.finanzen.net/nachricht/aktien/volkswagen-vw-vz-aktie-analyse-bernstein-research-bewertet-mit-market-perform-13130125</ref>. | December 20, 2023: Market Perform, €124: Analyst Daniel Roeska of Bernstein Research forecasts that the end of government subsidies will push up EV prices by 6 to 17%, hence lowering their demand even if automakers are helping their customers. He forecasts that the end of subsidies will cost automakers 3 billion euros<ref>https://www.finanzen.net/nachricht/aktien/volkswagen-vw-vz-aktie-analyse-bernstein-research-bewertet-mit-market-perform-13130125</ref>. | ||
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December 20, 2023: Neutral, €137: Analyst George Galliers of Goldman Sachs said that the cost-savings plan was probably expected by the market but sees the development as positive. He said it's now a matter of implementation<ref>https://www.finanzen.net/analyse/volkswagen_vw_vz_neutral-goldman_sachs_group_inc._926393</ref>. | December 20, 2023: Neutral, €137: Analyst George Galliers of Goldman Sachs said that the cost-savings plan was probably expected by the market but sees the development as positive. He said it's now a matter of implementation<ref>https://www.finanzen.net/analyse/volkswagen_vw_vz_neutral-goldman_sachs_group_inc._926393</ref>. | ||
December 19, 2023: Buy, €150: Jefferies said that the announced cost reduction plan has no surprises and that | December 19, 2023: Buy, €150: Jefferies said that the announced cost reduction plan has no surprises and that it is now time to implement it<ref>https://www.finanzen.net/analyse/volkswagen_vw_vz_buy-jefferies_&_company_inc._926247</ref>. | ||
== 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 | 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 internationalisation 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 == | ||