LONDON (dpa-AFX Broker) – The British investment bank Barclays has downgraded BMW from “Equal Weight” to “Underweight” and lowered the price target from 107.50 to 92.50 euros. In his study available on Thursday, analyst Henning Cosman wrote about the “fear of price normalization.” The signals for the operating profit margin in the second half of the year, which were significantly lower than the first, supported the thesis of a peak in prices and profitability. Contrary to the market consensus, Cosman does not expect an increase in margins for 2024 and 2025./ag/zb
Publication of the original study: September 13, 2023 / 2:38 p.m. / GMT
First distribution of the original study: September 13, 2023 / 3:45 p.m. / GMT
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