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Volkswagen:Quarterly Results/2023 Q2: Difference between revisions
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== Anlysts Commentary == | |||
=== Juan Perez-Carrascosa, UBS === | |||
* Maintained neutral rating and a price target of 135 euros<ref>https://www.finanzen.ch/analyse/volkswagen-vw-vz-neutral-895638</ref>. | |||
* He said that used car prices stagnated in the second quarter in most European countries, particularly in Germany. | |||
* He notes that new car production will likely remain high in the coming quarters, putting further pressure on used car prices. | |||
* He adds that negative EV price trends is continuing. | |||
* Perez prefers luxury to premium procucers such as Mercedes-Benz and Porsche AG. | |||
=== Daniel Roeska, Bernstein Research === | |||
* Maintained market-perform rating and price target of 140 euros<ref>https://www.finanzen.net/analyse/volkswagen_vw_vz_market_perform-bernstein_research_896334</ref>. | |||
* He said that '''european car makers are likely to confirm their annual targets''' and point to the uncertainty in the second half of the year. | |||
* He pointed to slow down in electric vehicle growth and bleak consumer sentiment in China, which is clouding the outlook. | |||
=== Tom Narayan, RBC === | |||
* Kept buy rating and price target of 160 euros citing second quarter delivery figures<ref>https://www.finanzen.net/analyse/volkswagen_vw_vz_outperform-rbc_capital_markets_895481</ref>. | |||
* "Thanks to low comparative values from the previous year, the car company did better than the industry in Western Europe, as expected, but worse in China," He wrote. | |||
=== George Galliers, Goldman Sachs === | |||
* Lowered price target from 151 euros to 147<ref>https://www.finanzen.at/analyse/volkswagen-vw-vz-neutral-896936</ref> and kept neutral rating. | |||
* Predicts '''operating profit of 5.9 billion euros and an operating margin of 7.3 percent''' for Volkswagen. | |||
=== Jose Asumendi, JP Morgan === | |||
* Maintained buy rating and price target of 193 euros<ref>https://www.finanzen.ch/analyse/volkswagen-vw-vz-overweight-894657</ref>. | |||
* He said that should have performed solidly overall in the quarter. | |||
* 'With regard to the divisions, the Wolfsburg-based company should have achieved stable margins with the mass production brands," he said. | |||
=== Tim Rokossa, Deutsche Bank === | |||
* Maintained buy rating and raised price target to 190 euros from 180<ref>https://www.finanzen.net/analyse/volkswagen_vw_vz_buy-deutsche_bank_ag_870128</ref>. | |||
* "If the automaker's annual forecasts were recently criticized for being too cautious, this time the opposite is the case. With a view to the volumes sold, VW is the most optimistic in the entire sector," he said. | |||
== Competitor expectations and results == | == Competitor expectations and results == | ||