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Volkswagen: Analysts Opinions: Difference between revisions
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== January 2024 == | == January 2024 == | ||
January 12, 2024: Sell, €100: UBS analyst Patrick Hummel said car makers should forecast sales for 2024 at the previous year's level due to price wars in China and Europe. He expects Volkswagen to report Q4 2023 results that are inline with the company's guidance<ref>https://www.finanzen.net/nachricht/aktien/ubs-ag-gibt-volkswagen-vw-vz-aktie-sell-13174173</ref>. | |||
January 12, 2024: Outperform, €140: RBC analyst Tom Narayan emphasized that Chinese EV sales have recovered significantly. He pointed out that this strength " can only be partially explained by typical seasonal effects."<ref>https://www.finanzen.ch/analyse/volkswagen-vw-vz-outperform-928792</ref> | |||
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>. | 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>. | ||