Jefferies has maintained its 'Buy' rating on Volkswagen AG with a price target of €125, even as the investment firm lowered its outlook for the automaker's sports car subsidiary Porsche AG. Analyst Philippe Houchois adjusted his estimates for both companies on Sunday, aligning them with Friday's downward forecast revisions. The analyst noted that Volkswagen's historically low valuation presents potential upside, with cost improvements at the core brand and a stabilization in Audi's production cycle identified as key drivers.
For Porsche AG, Jefferies reduced its price target from €47 to €40 while keeping the 'Hold' rating unchanged. Houchois described the turnaround at the Zuffenhausen-based manufacturer as "a protracted story," suggesting that significant recovery may take considerable time. The simultaneous adjustments reflect the interconnected nature of the Volkswagen Group's portfolio companies and the challenges facing the broader automotive sector.
Volkswagen shares traded at €94.94 with a 0.22% gain at the time of the announcement, indicating modest investor confidence despite the mixed analyst outlook. The German automaker's stock performance remains under scrutiny as markets weigh the company's ability to navigate industry headwinds and execute on its strategic initiatives.
The analyst's Volkswagen estimate sits at the upper end of the new target range, suggesting Houchois maintains relative optimism about the parent company's prospects compared to its sports car subsidiary. The divergent ratings highlight the varying expectations for different segments within the Volkswagen Group as the automotive industry continues to face transformation pressures and economic uncertainties.
Berlin police deployed approximately 130 officers in a major operation to secure the eviction of a partially occupied residential building in the city's Mitte district near the Federal Intelligence Service and Natural History Museum. The operation, which has now concluded, saw police officers...
Former German Defense Minister Karl-Theodor zu Guttenberg has firmly rejected media interpretations suggesting he supports softening the Christian Democratic Union's so-called "firewall" against the far-right Alternative for Germany (AfD). The CSU politician told Deutsche Presse-Agentur in...
The small German municipality of Schwanau in Baden-Württemberg has become the unlikely stage for an escalating conflict between local government and one of the region's largest employers. The dispute centers around approximately 20 flower pots installed by the municipality two months ago...
MUNICH — Knorr-Bremse AG, the German manufacturer of braking systems for trucks and trains, announced on Monday it has agreed to acquire Dutch digital services platform TRAVIS Road Services International B.V. The deal, valued in the mid-double-digit million-euro range, represents the latest...
Thyssenkrupp Marine Systems (TKMS), Germany's largest naval shipbuilder, made a strong debut on the Frankfurt Stock Exchange Monday, with shares trading significantly above initial expectations. The stock opened at €60 per share, far surpassing analyst forecasts of approximately €36, and...
