Price targets

Analyst ratings

9 analysts rated this company in the past 90 days. The average target price is €91.78, this is a change of +14.1% compared to the current price.

• September 23, 2025

  Berenberg maintains BMW 'Buy' - target 93 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for BMW with a price target of €93. The automaker's order situation in Europe is currently very solid and sends positive signals into 2026, wrote Romain Gourvil after the second day of the Berenberg conference on Tuesday./ag/tav

  Publication of the original study: September 23, 2025 / 11:22 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 18, 2025

  Berenberg maintains BMW 'Buy' - target 93 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Buy" rating on BMW with a price target of €93. US tariffs on car imports from the EU, the reduction to 15 percent of which is likely to take effect during the final quarter, continue to weigh on European manufacturers' margins, Romain Gourvil wrote in his industry assessment published Friday. In addition, a further market slowdown in China could exert short-term pressure. However, strong sales momentum and many new models, with Renault, Volkswagen, and BMW leading the way, are providing support. Audi and Mercedes-Benz are forecasting strong product momentum for 2026./gl/stk

  Publication of the original study: September 18, 2025 / 4:20 p.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 9, 2025

  Jefferies maintains BMW 'Buy' - target 92 euros

  NEW YORK (dpa-AFX Analyser) - The analyst firm Jefferies maintained its "Buy" rating for BMW at the Munich IAA trade fair with a price target of €92. All automakers at the show are planning growth in a mature industry full of new market entrants, Philippe Houchois concluded in a sector study released Wednesday. However, BMW dampened expectations because, although an agreement on tariffs had been reached in principle, important details still needed to be clarified. This poses a certain risk to earnings and cash flows./edh/gl

  Publication of the original study: September 9, 2025 / 6:34 PM / ET. First distribution of the original study: September 9, 2025 / 6:34 PM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 9, 2025

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - Following discussions with management at the IAA motor show, US bank JPMorgan has maintained its "Overweight" rating on BMW with a price target of €89. Jose M. Asumendi concluded in a study released Tuesday that the final quarter remains the most important for the automaker if US tariffs are fixed at a lower level. This would help BMW's profits and cash balances./rob/gl/jha/

  Publication of the original study: September 9, 2025 / 1:54 PM / BST First distribution of the original study: September 9, 2025 / 1:54 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 21, 2025

  RBC raises target for BMW to €87 - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for BMW from €84 to €87 and maintained its rating at "Sector Perform." In a study released Friday, analyst Tom Narayan incorporated the past reporting season into his valuation models for several companies in the global automotive industry. He is more positive about US auto suppliers, while his conclusions for European automakers are mixed. He expressed caution regarding pure-play electric vehicle manufacturers such as Rivian and Lucid.

  Publication of the original study: August 21, 2025 / 9:19 p.m. / EDT. First distribution of the original study: August 21, 2025 / 9:19 p.m. / EDT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 5, 2025

  Deutsche Bank Research maintains BMW's 'Buy' rating - target 90 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research maintained its rating for BMW at "Buy" with a price target of €90 following an information event with the company's CFO. Investors are increasingly realizing that BMW may be the only German automaker to have reached its investment peak last year, Tim Rokossa wrote in a study released Tuesday. This will provide positive momentum for future earnings and cash flow./la/edh

  Publication of the original study: August 5, 2025 / Time not specified in the study / CET. First distribution of the original study: August 5, 2025 / 7:57 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 4, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyser) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €92. The introduction of the "New Class" platform is the biggest leap BMW has ever made, wrote Stephen Reitman in a study released Monday. The move is the best opportunity for one of the "old" automakers to assume a leading role in the industry./mis/men

  Publication of the original study: August 4, 2025 / 00:29 / UTC

  First distribution of the original study: August 4, 2025 / 04:10 / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  UBS raises target for BMW to 103 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for BMW from €90 to €103 following second-quarter results and maintained its "Buy" rating. Patrick Hummel praised the automaker's margin and free cash flow development in a study released Friday./rob/mis/edh

  Publication of the original study: July 31, 2025 / 1:45 p.m. / GMT

  First distribution of the original study: July 31, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Berenberg raises target for BMW to 93 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for BMW from €91 to €93 and maintained its "Buy" rating. Revenue and profitability were weaker compared to the relatively high consensus forecasts, but free cash flow developed significantly stronger than expected, Romain Gourvil wrote in a study released Friday. The expert slightly increased its valuation multiples to reflect the now clearer tariff development./rob/edh/nas

  Publication of the original study: July 31, 2025 / 5:41 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - Following its half-year results, US bank JPMorgan has maintained its rating for BMW at "Overweight" with a price target of €89. The automaker had a strong second quarter, wrote Jose M. Asumendi in a study released Thursday. In the second half of the year, BMW should benefit from lower capital expenditures and research spending, as well as more favorable comparative figures from the previous year. However, the decisive factor for competitor Mercedes-Benz remains the stabilization of its business model in China./rob/tih/bek

  Publication of the original study: July 31, 2025 / 12:14 PM / BST

  First distribution of the original study: July 31, 2025 / 12:14 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Jefferies maintains BMW 'Buy' - target 92 euros

  NEW YORK (dpa-AFX Analyst) - Following its second-quarter results, analyst Jefferies maintained its "Buy" rating for BMW with a price target of €92. Analyst Philippe Houchois particularly praised the automaker's strong free cash flow in a report released Thursday./rob/ck/ajx

  Publication of the original report: July 31, 2025 / 2:16 a.m. / Time zone not specified in report

  First distribution of the original report: July 31, 2025 / 2:16 a.m. / Time zone not specified in report

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €92 following the company's earnings release. Free cash flow in the automotive division significantly exceeded expectations, Stephen Reitman wrote in a study released Thursday. The operating margin (EBIT) achieved there, at 5.4 percent, is within the group's target range for the fiscal year. The results reinforced his belief that the automaker is one of the most compelling opportunities for investors to become active in the automotive industry./rob/tih/men

  Publication of the original study: July 31, 2025 / 6:29 a.m. / UTC

  First distribution of the original study: July 31, 2025 / 6:29 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  UBS maintains BMW 'Buy' - target 90 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "buy" rating on BMW after the company's earnings release, with a price target of €90. Analyst Patrick Hummel, in a report released Thursday, attested to a solid second quarter for the automaker. As expected, the company confirmed its targets. The strong free cash flow could perhaps be viewed as a slight positive. However, he also emphasized the relatively strong recent share price performance./rob/tih/men

  Publication of the original study: July 31, 2025 / 6:17 a.m. / GMT

  First distribution of the original study: July 31, 2025 / 6:17 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Warburg Research maintains BMW 'Buy' - target 95 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its "Buy" rating for BMW following its quarterly results, with a price target of €95. The automaker delivered solid results despite the tariff headwinds, wrote Marc-Rene Tonn in an initial response released Thursday./rob/edh/ck

  Publication of the original study: July 31, 2025 / 8:15 a.m. / Time zone not specified in study

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  RBC maintains BMW at 'Sector Perform' - Target 84 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for BMW at "Sector Perform" with a price target of €84 following the company's earnings release. The automaker met expectations in the second quarter, wrote Tom Narayan in a study released Thursday. This also aligns with statements made in an analyst briefing beforehand. The objectives were also maintained as expected./rob/tih/la

  Publication of the original study: July 31, 2025 / 2:56 a.m. / EDT

  First distribution of the original study: July 31, 2025 / 2:56 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BMW at "Overweight" with a price target of €89 following its quarterly results. Overall, the automaker presented solid figures, wrote Jose M. Asumendi in an initial response released Thursday./rob/edh

  Publication of the original study: July 31, 2025 / 7:00 a.m. / BST

  First distribution of the original study: July 31, 2025 / 7:00 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 21, 2025

  Deutsche Bank Research maintains BMW's 'Buy' rating - target 90 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research maintained BMW's "Buy" rating with a price target of €90 following an analyst and investor event on the "New Class" electric model range. Although most of it was already known, Tim Rokossa wrote in an assessment released Monday that he was impressed by the technology and the ambitious launch. BMW remains the leading German premium manufacturer in terms of technology and model dynamics, as well as its preferred title in this area./gl/ajx

  Publication of the original study: July 21, 2025 / 8:24 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 21, 2025

  Jefferies raises target for BMW to 92 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has raised its price target for BMW from €88 to €92 and maintained its "Buy" rating. The "new class" has fully met its expectations, Philippe Houchois wrote on Monday. The signals from the Munich-based company's management boosted confidence in the short term and also in its medium-term goals. Houchois raised the price target due to the higher cash turnover./rob/ag/gl

  Publication of the original study: July 21, 2025 / 1:01 a.m. / Time zone not specified in the study. First distribution of the original study: July 21, 2025 / 1:01 a.m. / Time zone not specified in the study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 16, 2025

  RBC raises target for BMW to 84 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for BMW from €79 to €84, but maintained its "Sector Perform" rating. Among EU automakers, BMW, Ferrari, and Mercedes-Benz are best positioned, wrote Tom Narayan in his outlook for the reporting season published Thursday. For the Munich-based BMW Group, the tariff burden is likely to be lower than initially feared./ag/ck

  Publication of the original study: July 16, 2025 / 5:33 p.m. / EDT

  First distribution of the original study: July 17, 2025 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 16, 2025

  UBS maintains BMW 'Buy' - target 90 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for BMW after a capital markets day with a price target of €90. The event underscored why the automaker is likely to outperform its competitors in the future, wrote Patrick Hummel in an assessment released Wednesday. With the new product generation, the Munich-based company is now the best in its class. In addition, the investment cycle has passed its peak in spending, leading to a significant tailwind in the income statement and free cash flow./rob/la/jha/

  Publication of the original study: July 16, 2025 / 11:58 a.m. / GMT. First distribution of the original study: July 16, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 16, 2025

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has maintained its rating for BMW at "Overweight" after the most recent capital markets day with a price target of 89 euros. The automaker provided deeper insights into its product launches and strategic financial goals, as well as its China strategy and the CEO's strategic vision for the coming years, Jose Asumendi wrote in his follow-up on Wednesday./rob/ck/ag

  Publication of the original study: July 16, 2025 / 12:05 PM / BST

  First distribution of the original study: July 16, 2025 / 12:05 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 11, 2025

  Deutsche Bank Research raises target for BMW to 90 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its price target for BMW from €85 to €90 and maintained its "Buy" rating. The automaker's quarterly figures at the end of July are likely to demonstrate that it is weathering the storm, Tim Rokossa wrote in his outlook released on Friday. The costs associated with the US tariffs are expected to be in the hundreds of millions of euros, and the margin in the automotive business should be in line with the company's planning for the year at 6.1 percent./gl/ag

  Publication of the original study: July 11, 2025 / 7:58 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 10, 2025

  Jefferies maintains BMW 'Buy' - target 88 euros

  NEW YORK (dpa-AFX Analyst) - Following a conference call with analysts ahead of the company's upcoming quarterly results, research firm Jefferies maintained its rating for BMW at "Buy" with a price target of €88. Philippe Houchois spoke on Thursday of the constructive tone of the call, also with a view to the full year. Any reduction in the currently pending US import tariffs could raise market expectations regarding the Munich-based automaker's profitability./rob/la/he

  Publication of the original study: July 10, 2025 / 11:43 AM / Time zone not specified in the study. First distribution of the original study: July 10, 2025 / 11:43 AM / Time zone not specified in the study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 10, 2025

  RBC maintains BMW at 'Sector Perform' - Target 79 euros

  NEW YORK (dpa-AFX Analyst) - Following a conference call with analysts ahead of the company's upcoming quarterly results, Canadian bank RBC maintained its rating for BMW at "Sector Perform" with a price target of €79. He sees upside potential for market expectations regarding margins in the automotive business, Tom Narayan wrote in a study released Thursday. Management expressed confidence in the second half of the year regarding sales figures in China./rob/la/he

  Publication of the original study: July 10, 2025 / 11:37 a.m. / EDT First distribution of the original study: July 10, 2025 / 11:37 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 10, 2025

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - Following a conference call with analysts ahead of the company's upcoming quarterly results, US bank JPMorgan maintained its rating for BMW at "Overweight" with a price target of €89. Jose M. Asumendi pointed on Thursday to comments from the automaker's management, in which they reiterated free cash flow generation for the year and stronger free cash flow generation compared to the previous quarter. This is due to disciplined investment and inventory management, as well as cost-cutting measures./rob/la/he

  Publication of the original study: July 10, 2025 / 1:55 PM / BST First distribution of the original study: July 10, 2025 / 1:55 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 8, 2025

  UBS maintains BMW 'Buy' - target 90 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for BMW with a price target of €90. The upcoming Capital Markets Day could be a positive driver of the price, Patrick Hummel wrote in his outlook published on Wednesday. The potential of the "New Class" design concept is still being underestimated. The Munich-based company itself calls it the redefinition of the BMW brand. The stock remains his "top pick" among automakers, also due to the highly attractive cash returns./rob/ag/tih

  Publication of the original study: July 8, 2025 / 10:00 a.m. / GMT

  First distribution of the original study: July 9, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 1, 2025

  UBS raises target for BMW to 90 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for BMW from 78 to 90 euros and maintained its "Buy" rating. Import tariffs are likely to have had a less severe impact on the European automotive industry than initially feared, wrote Patrick Hummel in his industry outlook for the reporting season, published on Wednesday. BMW could also achieve its annual targets even without a political agreement in the tariff dispute./bek/ag

  Publication of the original study: July 1, 2025 / 7:20 p.m. / GMT

  First distribution of the original study: July 1, 2025 / 7:20 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 1, 2025

  RBC maintains BMW at 'Sector Perform' - Target 79 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for BMW at "Sector Perform" with a price target of €79. In an industry study released Tuesday, analyst Tom Narayan examined a scenario in which US auto tariffs are reduced from 25 to 10 percent. In this case, it appears as if General Motors and Mercedes-Benz would benefit the most among global automakers. Investors are increasingly convinced that a solution will be found on July 9 – possibly with the European Union. In September, some then assumed deals with other countries such as Mexico or South Korea./tih/stw

  Publication of the original study: July 1, 2025 / 12:12 PM / EDT

  First distribution of the original study: July 1, 2025 / 12:12 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 27, 2025

  Deutsche Bank Research maintains BMW's 'Buy' rating - target 85 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on BMW with a price target of €85. Tim Rokossa wrote in his outlook published Friday that the automaker plans to present its "New Class" family of fully electric vehicles at an investor and analyst event in mid-July before the IAA motor show in September. This is crucial for further strengthening the company's position in the Western electric car market and will hopefully also lead to improvements in China. The focus of the event is likely to be on technological rather than financial aspects.

  Publication of the original study: June 27, 2025 / 8:01 a.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 27, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €92. Stephen Reitman wrote on Friday after rounds of talks with Ritu Chandy and investor relations manager Adam Sykes in Paris that the signals from the Munich-based company's chief treasurer were cautious and confident./rob/ag/gl

  Publication of the original study: June 27, 2025 / 8:06 a.m. / UTC First distribution of the original study: June 27, 2025 / 8:07 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 27, 2025

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - Following an in-house investor event on the Chinese market, US bank JPMorgan maintained its rating for BMW at "Overweight" with a price target of €89. In light of declining sales in China and an extremely competitive environment, BMW China CEO Sean Green reiterated the automaker's targets for 2025, Jose Asumendi wrote in his commentary released Wednesday. He also provided an excellent overview of the tools available to the company to continue achieving double-digit margins in the region./edh/ag

  Publication of the original study: May 27, 2025 / 7:32 PM / BST

  First distribution of the original study: May 28, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 27, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €92. Daniel Roeska addressed the impact of US tariffs on the global auto industry on Tuesday. US President Trump's recent threat to the EU has again increased the risks for European automakers. However, the Japanese remain the worst affected by the tariff storm. Roeska remains optimistic about BMW in Europe due to the radical restructuring and the "New Class" platform. He also likes Ferrari and Renault./ag/gl

  Publication of the original study: May 27, 2025 / 4:02 a.m. / UTC First distribution of the original study: May 27, 2025 / 4:06 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 16, 2025

  RBC raises target for BMW to 79 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for BMW from €65 to €79, but maintained its rating at "Sector Perform." The confirmed annual forecast for the profit margin in the automotive business and moderate sales growth thanks to new models supported the new price target, wrote Tom Narayan in a review of the quarterly figures./ajx/he

  Publication of the original study: May 16, 2025 / 3:59 p.m. / EDT First distribution of the original study: May 16, 2025 / 4:05 p.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 12, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating of "Outperform" on BMW with a price target of €92. Electric cars are on the rise worldwide, but at different speeds depending on geography, politics, and the development stage of the company's platforms, wrote Daniel Roeska in an industry assessment published Tuesday. Chinese manufacturers such as BYD are best positioned. European manufacturers face a more difficult path ahead given ambitious regulatory measures, the recent decline in demand, and growing Chinese competition. Meanwhile, the Americans were caught in a dilemma of political uncertainty and fluctuating demand./gl/edh

  Publication of the original study: May 12, 2025 / 10:17 PM / UTC. First distribution of the original study: May 13, 2025 / 4:30 AM / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 7, 2025

  Berenberg lowers target for BMW to 91 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for BMW from €92 to €91, but maintained its rating at "Buy." Analyst Romain Gourvil noted the automaker's solid margins in the first quarter in a report released Thursday. The company confirmed its outlook./rob/bek/la

  Publication of the original study: May 7, 2025 / 4:09 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 7, 2025

  Jefferies raises target for BMW to 88 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has raised its price target for BMW from €83 to €88 and maintained its "Buy" rating. Thanks to a solid first quarter, the automaker has provided a confident outlook, Philippe Houchois wrote in a report released Wednesday. BMW is likely to use the delayed implementation of the US tariffs to further improve the company, which has been one of the most balanced global automakers for years. The expert raised his estimates by around 5 percent.

  Publication of the original study: May 7, 2025 / 1:25 PM / ET. First distribution of the original study: May 7, 2025 / 1:25 PM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 7, 2025

  Deutsche Bank Research lowers target for BMW to 85 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research lowered its price target for BMW from €90 to €85 following its quarterly results and maintained its "Buy" rating. The automaker presented solid figures overall, Tim Rokossa wrote in a study released Wednesday. Contrary to the cautious outlook of its competitors, the Munich-based company also confirmed its annual targets despite the tariff burden. However, it has lowered its earnings (EPS) forecasts for the years 2025 to 2027./edh/he

  Publication of the original study: May 7, 2025 / Time not specified in the study / CEST. First distribution of the original study: May 7, 2025 / 3:12 PM / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 7, 2025

  Jefferies maintains BMW 'Buy' - target 83 euros

  NEW YORK (dpa-AFX Analyst) - Following the first-quarter results, analyst Jefferies maintained its "Buy" rating for BMW with a price target of €83. Group operating profit was 12 percent above the consensus estimate, Philippe Houchois wrote in an initial assessment on Wednesday. The margin in the automotive business is at the upper end of the company's target range. High capital expenditures, however, would have burdened free cash flow./rob/bek/gl

  Publication of the original study: May 7, 2025 / 2:10 a.m. / ET First distribution of the original study: May 7, 2025 / 2:10 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 7, 2025

  Warburg Research maintains BMW 'Buy' - target 95 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its "Buy" rating for BMW with a price target of €95. The first quarter was strong, wrote Marc-Rene Tonn on Wednesday after the results. Furthermore, the Munich-based company confirmed its annual targets despite all the tariff headwinds./rob/ag/ajx

  Publication of the original study: May 7, 2025 / 8:15 a.m. / Time zone not specified in study

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 7, 2025

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - Following its quarterly results, US bank JPMorgan has maintained its "Overweight" rating on BMW with a price target of €89. The automaker has had a good start to the year and confirmed its outlook, analyst Jose Asumendi summarized in a response released Wednesday./rob/gl/bek

  Publication of the original study: May 7, 2025 / 7:01 a.m. / BST

  First distribution of the original study: May 7, 2025 / 7:01 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 7, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €92 following its first-quarter results. Stephen Reitman called BMW a "rare and welcome haven in the storm." The automaker's results significantly exceeded expectations, the expert said in a study released Wednesday. BMW was one of the few major manufacturers to take the impact of tariffs into account in its original outlook for 2025 – and has now confirmed these forecasts./bek/gl

  Publication of the original study: May 7, 2025 / 7:08 a.m. / UTC First distribution of the original study: May 7, 2025 / 7:08 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 7, 2025

  UBS maintains BMW 'Buy' - target 78 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for BMW following its first-quarter results, with a price target of €78. Surprisingly, the automaker confirmed all key metrics with its outlook, Patrick Hummel wrote in an initial assessment on Wednesday. This requires further explanation during the conference call. He and the analyst community had expected burdens from the import tariffs that had since been introduced./rob/bek/gl

  Publication of the original study: May 7, 2025 / 6:21 a.m. / GMT First distribution of the original study: May 7, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 24, 2025

  Morgan Stanley maintains BMW at 'Overweight' - target 85 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Morgan Stanley has maintained its rating for BMW at "Overweight" with a price target of €85. It's darkest just before sunrise, wrote analyst Javier Martinez de Olcoz Cerdan in a reassessment of the European auto industry published Friday. He continues to expect a cyclical low in the middle of the year – albeit on a lower basis in the current tariff environment. Overall, he is neutral on the industry, with some room for surprises in the event of tariff cuts. His top favorite remains Mercedes./ag/edh

  Publication of the original study: April 24, 2025 / 11:02 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 16, 2025

  RBC lowers target for BMW to 65 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for BMW from €80 to €65, but maintained its "Sector Perform" rating. Analyst Tom Narayan adjusted his estimates for the European automaker to reflect a likely significant decline in US demand. Ferrari plays a special role, he wrote in his industry commentary released Thursday. He likes the shares of the Italian sports car manufacturer after their significant price correction./ag/zb

  Publication of the original study: April 16, 2025 / 8:25 p.m. / EDT

  First distribution of the original study: April 17, 2025 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 14, 2025

  UBS lowers target for BMW to 78 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for BMW from €87 to €78, but maintained its "Buy" rating. Analyst Patrick Hummel cut his earnings estimates for European automakers by 20 to 30 percent on Monday. He now expects a decline in global auto production this year instead of the previously forecast slight growth. However, the range for actual performance is wide – this applies even more so for 2026. Hummel is focusing on defense with tire manufacturers Michelin, Continental, and Pirelli – as well as quality with strong balance sheets and strong local activities such as BMW and Autoliv./ag/bek

  Publication of the original study: April 14, 2025 / 05:54 / GMT

  First distribution of the original study: April 14, 2025 / 05:54 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 11, 2025

  Warburg Research maintains BMW 'Buy' - target 95 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for BMW at "Buy" with a price target of €95 following first-quarter sales figures. The Munich-based automaker started the year as expected, wrote analyst Marc-Rene Tonn in a report published Friday. Given the US government's tariff policy, risks for the year as a whole remain high./la/mis

  Publication of the original study: April 11, 2025 / 8:15 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 10, 2025

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained BMW's "Overweight" rating with a price target of €89. The automaker appears to have had a solid start to the year, wrote expert Jose Asumendi on Thursday after the company discussed the upcoming first-quarter figures with analysts. In China, BMW is seeing initial signs of stabilization./ajx/men

  Publication of the original study: April 10, 2025 / 2:51 p.m. / GMT First distribution of the original study: April 10, 2025 / 2:51 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 2, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" and set a price target of €92. While the new US tariffs do not add to the tariffs on car imports announced last week, analyst Daniel Roeska wrote early Thursday. However, the levies on car parts are overall higher than feared. The European auto sector has recently reacted quite cautiously, as if the worst had passed it by. Now, however, this wishful thinking is being erased./ag/mis

  Publication of the original study: April 2, 2025 / 10:22 PM / UTC

  First distribution of the original study: April 2, 2025 / 10:22 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 24, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - Following an investor meeting, US analyst Bernstein Research maintained its rating for BMW at "Outperform" with a price target of €92. Most of the investors present were likely impressed by the Munich-based company's clear focus, analyst Stephen Reitman wrote in a report released Monday. This also applies to the automaker's upcoming "New Class" model range, which will include the market launch of a total of around 40 new vehicle models from the end of this year to the end of 2027./bek/tih

  Publication of the original study: March 24, 2025 / 00:42 / UTC

  First distribution of the original study: March 24, 2025 / 05:11 / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 17, 2025

  Warburg Research lowers target for BMW to 95 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has lowered its price target for BMW from €96 to €95, but maintained its "Buy" rating. Analyst Marc-Rene Tonn gave the Munich-based company a cautious outlook for 2025 on Monday following its financial results. However, he wrote that a strong cycle for cash inflows is imminent./ag/edh

  Publication of the original study: March 17, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 16, 2025

  UBS maintains BMW 'Buy' - target 87 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for BMW with a price target of €87. Investors were recently disappointed that the Munich-based company's share buyback program was not expanded, analyst Patrick Hummel wrote in a commentary published on Monday. However, he believes an increase after the annual general meeting in May is likely. Overall, he considers the investment background to be sound in terms of free cash flow and distributions./ag/edh

  Publication of the original study: March 16, 2025 / 6:45 a.m. / GMT

  First distribution of the original study: March 17, 2025 / Time not specified in the study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 14, 2025

  UBS maintains BMW 'Buy' - target 87 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for BMW after the company's earnings release, with a price target of €87. The fourth quarter was weak, as was the outlook for the auto margin in the new fiscal year, wrote analyst Patrick Hummel in a study released Friday. The only convincing factor is free cash flow./tih/gl

  Publication of the original study: March 14, 2025 / 7:18 a.m. / GMT First distribution of the original study: March 14, 2025 / 7:18 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 14, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" after the company's earnings release, with a price target of €92. The focus is on the outlook, with a target range for the operating auto margin of 5 to 7 percent, wrote analyst Stephen Reitman in a study released Friday. This includes the US tariffs already announced by mid-March, which are expected to have cost about one percentage point. Market investors had hoped for 6 to 7 percent. Reitman noted that no other automaker has yet included tariffs in its targets./tih/gl

  Publication of the original study: March 14, 2025 / 7:32 a.m. / UTC First distribution of the original study: March 14, 2025 / 7:32 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 14, 2025

  RBC maintains BMW at 'Sector Perform' - Target 80 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained BMW's "Sector Perform" rating with a price target of €80 following the company's earnings. The margin outlook for 2025 for the automaker's core business is below the consensus estimate, analyst Tom Narayan wrote in an initial reaction on Friday. However, this could be conservative, as has been observed several times in the industry in light of the uncertainties surrounding the economic environment and the potential impact of tariffs during the current reporting season./gl/tih

  Publication of the original study: March 14, 2025 / 3:23 a.m. / EDT

  First distribution of the original study: March 14, 2025 / 3:23 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 3, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €92. The European Union's proposed extension of deadlines for achieving CO2 reductions would be helpful for most major automakers, wrote analyst Stephen Reitman in his commentary published Tuesday. Because the majority of new electric vehicles are expected to be launched starting in 2026, the beneficiaries will be those that are furthest behind. BMW, on the other hand, is among the pioneers./bek/ag

  Publication of the original study: March 3, 2025 / 4:00 PM / UTC

  First distribution of the original study: March 3, 2025 / 4:00 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 4, 2025

  Goldman leaves BMW at 'Neutral' - Target 87 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for BMW at "Neutral" with a price target of €87. In his commentary on the new US tariffs published on Tuesday, analyst George Galliers focused on the import and export data of the European auto industry. He noted that the industry remains fundamentally global in its procurement, production, and sales, so any intervention in trade is inherently negative. Stellantis, as well as BMW and VW, are particularly affected by higher tariffs on US imports from Mexico and Canada. Among suppliers, Pirelli is particularly affected. Galliers sees the greatest risk from Trump's measures against the EU in the luxury and premium sectors. However, he has not yet factored in any tariff impacts for this year./ag/tav

  Publication of the original study: February 4, 2025 / 5:01 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 3, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €92 in light of the US tariffs against Canada, Mexico, and China. Many market participants had expected tax cuts to precede any major tariff decisions, analyst Stephen Reitman wrote in a report released Monday. Price declines indicate that this new reality still needs to be considered. Due to the inflationary effect and announced retaliatory measures, he remains skeptical that the new tariffs will be permanent./tih/he

  Publication of the original study: February 3, 2025 / 2:09 PM / UTC. First distribution of the original study: February 3, 2025 / 2:09 PM / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 2, 2025

  RBC maintains BMW at 'Sector Perform' - Target 80 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for BMW at "Sector Perform" with a price target of €80. Analyst Tom Narayan wrote this in his industry commentary released Monday ahead of the earnings season./ag/mis

  Publication of the original study: February 2, 2025 / 5:46 PM / EST

  First distribution of the original study: February 2, 2025 / 5:46 PM / EST

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 28, 2025

  Bernstein maintains BMW's 'Outperform' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €92. The Munich-based company has achieved its ambitious recovery targets "without any drama," wrote analyst Stephen Reitman on Tuesday evening after the company's final announcements before its financial results presentation./ag/edh

  Publication of the original study: January 28, 2025 / 4:25 p.m. / UTC

  First distribution of the original study: January 28, 2025 / 4:35 p.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 28, 2025

  Jefferies maintains BMW 'Buy' - target 85 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained a "Buy" rating on BMW with a price target of €85. The automaker's recent statements on the past quarter have brought a string of positive industry news to an end, analyst Philippe Houchois wrote in a study released Tuesday. An upturn in business performance for the Munich-based company is not in sight. BMW, however, is confident about 2025.

  Publication of the original study: January 28, 2025 / 2:53 p.m. / ET. First distribution of the original study: January 28, 2025 / 2:53 p.m. / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 28, 2025

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its "Overweight" rating on BMW with a price target of €89 following statements about the last quarter. Analyst Jose Asumendi wrote in an initial reaction on Tuesday that these, as well as the confirmed outlook, have barely changed his estimates for the automaker./gl/ajx

  Publication of the original study: January 28, 2025 / 1:54 PM / GMT First distribution of the original study: January 28, 2025 / 1:54 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 15, 2025

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BMW at "Overweight" ahead of quarterly results, with a price target of €89. Its estimates for full-year sales and operating profit (EBIT) are in line with consensus forecasts, analyst Jose Asumendi wrote in a report released Wednesday. The automaker expects to report cash from operating activities of around €4 billion in 2024./bek/nas

  Publication of the original study: January 15, 2025 / 00:18 / GMT

  First distribution of the original study: January 15, 2025 / 00:18 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 14, 2025

  Goldman lowers target for BMW to 89 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for BMW from €104 to €89, but maintained its rating at "neutral." George Galliers, in his industry analysis released Tuesday, expects another challenging year for the European automotive industry. It cut its operating earnings estimates for 2025 by an average of 9 percent./bek/ag

  Publication of the original study: January 14, 2025 / 5:09 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 12, 2025

  UBS maintains BMW 'Buy' - target 83 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BMW at "Buy" with a price target of €83 in an industry outlook for the fourth-quarter reporting season. The end of the year may have turned out somewhat better than feared, wrote analyst Patrick Hummel in a study released Monday. Some figures from the industry could be a positive surprise thanks to a strong demand trend. He named Mercedes-Benz, Volkswagen, and Renault as potential candidates among the automakers. He sees BMW, Stellantis, and Porsche AG as being in line with expectations./tih/bek

  Publication of the original study: January 12, 2025 / 8:49 PM / GMT

  First distribution of the original study: January 12, 2025 / 8:49 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 6, 2024

  Bernstein maintains BMW at 'Outperform' - Target 86 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €86. After 40 years as an expert in the automotive industry, Stephen Reitman wrote in his analysis published Friday that he can hardly remember the last time there was such a "perfect storm" of challenges and uncertainties. Electrification, which has caught most auto giants off guard, with fluctuating demand and the lead they had to cede to Chinese challengers and Tesla, is creating a different situation this time. They have simply overturned many of the things they had taken for granted since the first Ford Model T in 1908. However, BMW and Renault demonstrated the greatest flexibility among the veterans. Mercedes, VW, and Porsche still have to prove themselves./ag/nas

  Publication of the original study: December 6, 2024 / 1:36 a.m. / UTC

  First distribution of the original study: December 6, 2024 / 5:10 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 5, 2024

  Jefferies upgrades BMW to 'Buy' - favorites change

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies is changing its favorite among German premium automakers: Analyst Philippe Houchois is upgrading BMW shares from "Hold" to "Buy" and raising the price target from €80 to €85. Meanwhile, in his re-evaluation published Friday, he is removing his "Buy" recommendation for Mercedes-Benz. The Munich-based company's spending has reached a peak this year, while the Stuttgart-based company needs to reposition itself and invest cash. Cash returns have been the highlight of Mercedes' investment story. Now, they will be more on par with BMW in terms of cash flow./ag/gl

  Publication of the original study: December 5, 2024 / 6:10 p.m. / ET First distribution of the original study: December 5, 2024 / 7:00 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 3, 2024

  Deutsche Bank Research maintains BMW's 'Buy' rating - target 95 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on BMW with a price target of €95. Analyst Tim Rokossa wrote in his commentary published on Tuesday that he had taken away the assessment from a meeting with the automaker last week that business in the current quarter would pick up compared to the previous quarter.

  Publication of the original study: December 3, 2024 / 8:03 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 3, 2024

  UBS upgrades BMW to 'Buy' - target raised to 83 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has upgraded BMW from "Neutral" to "Buy" and raised its price target from €75 to €83. Analyst Patrick Hummel wrote in his buy recommendation published Tuesday that the Munich-based company is its new top favorite among European automakers. He downgraded Mercedes-Benz and Porsche AG. At BMW, he praises rising cash returns, stabilized margins, and the significant valuation discount./ag/gl

  Publication of the original study: December 3, 2024 / 4:16 a.m. / GMT First distribution of the original study: December 3, 2024 / 4:16 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 28, 2024

  Bernstein maintains BMW at 'Outperform' - Target 86 euros

  NEW YORK (dpa-AFX Analyst) - Following the US analyst firm's industry conference in Paris, Bernstein Research maintained its "Outperform" rating on BMW with a price target of €86. Neither BMW nor Renault were willing to comment on the 2025 outlook, while Aston Martin expressed confidence in returning to cash flow, analyst Harry Martin wrote in a report released Friday. Mercedes-Benz expects an overall positive product mix, while Volkswagen remains concerned about overcapacity and an even weaker European market. Of the suppliers, Continental expressed positive views on the coming year, while Valeo did not comment on the outlook due to market uncertainty./gl/tih

  Publication of the original study: November 28, 2024 / 8:48 p.m. / UTC. First distribution of the original study: November 29, 2024 / 5:00 a.m. / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 27, 2024

  Bernstein maintains BMW at 'Outperform' - Target 86 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" after discussions with management, with a price target of €86. Ritu Chandy, head of corporate finance at the automaker, delivered clear and constructive messages, wrote analyst Stephen Reitman in his commentary released Thursday. She confirmed that BMW is well on track to meet its recently reduced annual targets and that the group's wholesale sales in China are improving./edh/ag

  Publication of the original study: November 27, 2024 / 11:12 PM / UTC

  First distribution of the original study: November 28, 2024 / 5:11 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 26, 2024

  JPMorgan removes BMW from the 'Analyst Focus List'

  NEW YORK (dpa-AFX Broker) - The US bank JPMorgan has removed BMW shares from its "Analyst Focus List" in a separate analysis alongside its broad industry outlook for 2025. Analyst Jose Asumendi remains fundamentally convinced of the Munich-based company, as he wrote on Tuesday evening. However, he would like more clarity on how the company intends to assert itself in the Chinese market in the future, as this will ultimately be crucial for the company's cash potential. Its fundamental rating remains "Overweight" with a price target of €89./ag/zb

  Publication of the original study: November 26, 2024 / 7:42 PM / GMT

  First distribution of the original study: November 27, 2024 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 26, 2024

  JPMorgan maintains BMW at 'Overweight' - target 89 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BMW at "Overweight" with a price target of €89. 2025 will be characterized by low global production growth, trade tensions, slow electrification, and market share gains by Chinese manufacturers, wrote analyst Jose Asumendi in his annual outlook for the auto industry published on Wednesday. Investors are likely to continue to focus on strong cash inflows that will allow for dividends and share buybacks. They are primarily found among car and truck manufacturers and tire companies./ag/tih

  Publication of the original study: November 26, 2024 / 11:02 PM / GMT

  First distribution of the original study: November 27, 2024 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 22, 2024

  Bernstein maintains BMW at 'Outperform' - Target 86 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €86. "Beautiful tariffs" would be a guiding principle of Trump's economic policy, wrote analyst Stephen Reitman in his commentary on the European auto industry published Friday. They would be noticeable, but not overwhelming. Overall, only a manageable share of German manufacturers' sales, 10 to 15 percent, is affected by tariffs. And so far, little has been heard about the offsetting effect of exports. BMW, for example, exports more from the US than it imports. Ultimately, the level of tariffs remains the big unknown./ag/tih

  Publication of the original study: November 22, 2024 / 00:50 / UTC

  First distribution of the original study: November 22, 2024 / 05:10 / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 18, 2024

  UBS leaves BMW at 'Neutral' - Target 75 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BMW at "Neutral" with a price target of €75 following an investor meeting with CFO Walter Mertl. The number one topic was the situation in China, with many investors taking a pessimistic stance, wrote analyst Patrick Hummel in a study released Tuesday. However, there was also much discussion about tariff barriers and emissions regulations in Europe./tih/ajx

  Publication of the original study: November 18, 2024 / 3:53 PM / GMT

  First distribution of the original study: November 18, 2024 / 3:53 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 10, 2024

  Berenberg maintains BMW on 'Hold' - target 80 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for BMW with a price target of €80. With Donald Trump's victory in the US presidential election, the risk of rising US import tariffs on European cars is increasing, analyst Romain Gourvil wrote in his industry commentary published on Monday. German manufacturers would be most affected, while import tariffs on vehicles from Mexico would burden Stellantis the most. Renault, on the other hand, is not represented in the US market and would therefore not be directly affected./edh/ag

  Publication of the original study: November 10, 2024 / 11:07 AM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  Deutsche Bank Research raises target for BMW to 95 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for BMW from €90 to €95 and maintained its "Buy" rating. Analyst Tim Rokossa wrote in a report released Thursday that he had already had low expectations for the latest quarterly figures. At first glance, the automaker even missed these targets in its core business. However, there were also positive aspects, such as the company's confirmation that the problem with faulty brakes could be resolved by the end of the year. The announced further share buyback program is also encouraging./gl/mis

  Publication of the original study: November 7, 2024 / 8:05 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  Bernstein maintains BMW at 'Outperform' - Target 86 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €86. In his commentary on the quarterly report released Thursday, analyst Stephen Reitman praised the Bavarian company for its rapid approach to addressing technical issues with its braking systems. After a significant setback in the third quarter, we can now look ahead./ag/men

  Publication of the original study: November 7, 2024 / 1:35 a.m. / UTC

  First distribution of the original study: November 7, 2024 / 5:09 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  RBC maintains BMW at 'Sector Perform' - Target 81 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained BMW's "Sector Perform" rating with a price target of €81 following its quarterly results. The automaker disappointed with its operating result (EBIT) in the automotive business, but performed better in the financials division, analyst Tom Narayan wrote Wednesday morning. The focus is now on the outlook for 2025./gl/ag

  Publication of the original study: November 6, 2024 / 3:27 a.m. / EDT First distribution of the original study: November 6, 2024 / 3:27 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  Jefferies maintains BMW 'Hold' after figures

  NEW YORK (dpa-AFX Analyst) - Following BMW's third-quarter results, analyst Jefferies maintained its "Hold" rating with a price target of €80. Analyst Philippe Houchois wrote this in an initial reaction on Wednesday. The automaker missed estimates for operating profit and margin in its automotive division. However, the main reason, technical problems with braking systems, was known. The missed expectations for free cash flow were significantly larger and also less than expected./ck/gl

  Publication of the original study: November 6, 2024 / 2:12 a.m. / ET First distribution of the original study: November 6, 2024 / 2:12 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  UBS leaves BMW at 'Neutral' - Target 75 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BMW at "Neutral" with a price target of €75. Even the low expectations were missed, wrote analyst Patrick Hummel on Wednesday morning after the quarterly report. He assessed cash flow very negatively./ag/gl

  Publication of the original study: November 6, 2024 / 7:05 a.m. / GMT First distribution of the original study: November 6, 2024 / 7:05 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  Berenberg lowers target for BMW to 80 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for BMW from €90 to €80, but maintained its "Hold" rating. Following the recent weak quarterly figures, he has significantly lowered his estimates for the automaker, analyst Romain Gourvil wrote in a report released Thursday./gl/edh

  Publication of the original report: November 6, 2024 / 5:21 p.m. / GMT First distribution of the original report: Date not specified in report / Time not specified in report / Time zone not specified in report

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  JPMorgan lowers target for BMW to 89 euros - 'Overweight'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for BMW from €95 to €89, but maintained its "Overweight" rating. Analyst Jose Asumendi reduced his earnings estimates for the automaker following the conference call on the latest quarterly results. Pricing power was weaker than expected, he wrote in a study released Wednesday./ajx/jha/

  Publication of the original study: November 6, 2024 / 3:03 PM / GMT First distribution of the original study: November 6, 2024 / 3:03 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  Warburg Research maintains BMW 'Buy' - Target 96 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained a "Buy" rating on BMW after the company's results, with a price target of €96. The automaker experienced a tough quarter, as expected, with delivery stops, costs related to faulty brakes, and weak demand from China, analyst Marc-Rene Tonn wrote in an initial reaction on Wednesday. The operating profit margin (EBIT) in the automotive division was just below expectations. Cash flow in the core business was also negative after nine months. However, a recovery is expected in the final quarter./gl/edh

  Publication of the original study: November 6, 2024 / 8:15 a.m. / CET. First distribution of the original study: Date not specified in the study / Time not specified in the study / CET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  JPMorgan maintains BMW at 'Overweight' - target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its "Overweight" rating on BMW after the company's earnings release, with a price target of €95. Despite a difficult quarter, the automaker has confirmed its annual targets, analyst Jose Asumendi wrote in a report released Wednesday./gl/edh

  Publication of the original report: November 6, 2024 / 10:21 a.m. / GMT First distribution of the original report: November 6, 2024 / 10:21 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 20, 2024

  RBC maintains BMW at 'Sector Perform' - Target 81 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for BMW at "Sector Perform" with a price target of €81. Sentiment for the automotive sector is poor, and for good reason, wrote analyst Tom Narayan in an industry report released Monday. Four major manufacturers have recently issued clear profit warnings for the current year. One must ask whether a deflationary environment is now emerging following the price increases following the coronavirus pandemic. Based on the consensus estimates for BMW, Stellantis, VW, and Mercedes-Benz, there is still downside potential for 2025./bek/zb

  Publication of the original study: October 20, 2024 / 5:40 PM / EDT

  First distribution of the original study: October 20, 2024 / 5:40 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 15, 2024

  Jefferies maintains BMW on 'Hold' - target 80 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its "Hold" rating for BMW with a price target of €80. Several profit warnings from the auto industry have set the tone for the sector's third quarter and left little room for major surprises, wrote analyst Philippe Houchois in a sector outlook released Wednesday. In the current difficult environment, he prefers shares of Volkswagen, Mercedes-Benz, and Renault./edh/bek

  Publication of the original study: October 15, 2024 / 6:14 PM / ET

  First distribution of the original study: October 15, 2024 / 8:00 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 11, 2024

  JPMorgan maintains BMW at 'Overweight' - target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BMW at "Overweight" with a price target of €95. The shares are also on the investment bank's recommendation list. The third quarter is likely to mark the low point of the year in terms of margins and cash inflows, wrote analyst Jose Asumendi in his outlook for the report, released Friday. He sees the margin significantly below the second quarter at 1.6 percent./ag/tih

  Publication of the original study: October 11, 2024 / 11:14 AM / BST

  First distribution of the original study: October 11, 2024 / 11:14 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 11, 2024

  Deutsche Bank Research maintains BMW's 'Buy' rating - target 90 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on BMW with a price target of €90. The automaker's results, due on November 6, are likely to reflect a quarter marked by high provisions, which will impact the profitability of the core business, analyst Tim Rokossa wrote in his outlook published Friday. However, he expects a recovery in the final quarter. Cash flow should also then be positive again./gl/ag

  Publication of the original study: October 11, 2024 / 8:05 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 10, 2024

  Bernstein maintains BMW at 'Outperform' - Target 86 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €86. The latest signals before the quarterly report in November are clear and precise, analyst Stephen Reitman wrote on Thursday afternoon. The third quarter was weak as expected, but the situation is under control./ag/gl

  Publication of the original study: October 10, 2024 / 2:20 p.m. / UTC First distribution of the original study: October 10, 2024 / 2:20 p.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 10, 2024

  RBC maintains BMW at 'Sector Perform' - Target 81 euros

  NEW YORK (dpa-AFX Analyst) - The Canadian bank RBC has left BMW at "Sector Perform" with a price target of 81 euros after a conference call with analysts before the quarterly report. The question that is likely to concern investors most revolves around 2025 and, subsequently, the automaker's capital distributions, wrote analyst Tom Narayan in a study released Thursday./ajx/he

  Publication of the original study: October 10, 2024 / 9:53 a.m. / EDT First distribution of the original study: October 10, 2024 / 9:53 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 3, 2024

  Barclays raises BMW to 'Equal Weight' - target down to 80 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for BMW from €90 to €80 in light of lower earnings forecasts, but upgraded the shares from "Underweight" to "Equal Weight." Analyst Henning Cosman is generally less skeptical about the sector in his industry analysis published Thursday. While he significantly cut his estimates across the board following the recent profit warnings, he praised the high overall return for shareholders in most cases. Regarding BMW, the statement said: "Every asset has its price."/la/ajx

  Publication of the original study: October 3, 2024 / 1:25 a.m. / GMT First distribution of the original study: October 3, 2024 / 3:00 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2024

  Berenberg maintains BMW on 'Hold' - target 90 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg maintained its "Hold" rating for BMW after a conference call, with a price target of €90. Overall, the automaker's tone was surprisingly conservative, wrote analyst Romain Gourvil in his industry commentary published Friday. The German auto industry is moving from one worry to the next. Concerns in China persist. 2025 is likely to be characterized by further restructuring measures./ajx/ag

  Publication of the original study: September 26, 2024 / 5:18 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 24, 2024

  Berenberg maintains BMW on 'Hold' - target 90 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for BMW with a price target of €90. The Chinese market remains challenging, analyst Romain Gourvil wrote in a report released Wednesday following a discussion with the company at an investor conference. However, this is due less to BMW's portfolio or strategy than to weak consumer demand. Business and Europe, however, support this./mf/ajx

  Publication of the original study: September 24, 2024 / 1:47 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 16, 2024

  JPMorgan maintains BMW at 'Overweight' - target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BMW at "Overweight" ahead of third-quarter results, with a price target of €95. Analyst Jose Asumendi wrote in his outlook published Tuesday that the predictability of car sales is currently limited due to an ongoing recall. In the automotive sector, the expert expects a sales decline of eight percent. The margin is expected to be only 3.1 percent, down from 8.4 percent in the previous quarter. Due to the recalls, free cash flow is expected to be negative by one billion euros./tih/ag

  Publication of the original study: September 16, 2024 / 8:56 PM / BST

  First distribution of the original study: September 17, 2024 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 16, 2024

  Bernstein lowers target for BMW to 86 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has lowered its price target for BMW from €96 to €86, but maintained its rating at "Outperform." Following a discussion with management, analyst Stephen Reitman used the recently reduced outlook in a study released Tuesday as an opportunity to reduce his estimate for this year's operating profit (EBIT) by 16 percent. However, he is confident that BMW is planning conservatively in its typical manner and therefore maintains his positive assessment of the shares./tih/bek

  Publication of the original study: September 16, 2024 / 9:11 p.m. / UTC

  First distribution of the original study: September 17, 2024 / 4:02 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 13, 2024

  UBS lowers target for BMW to 75 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for BMW from 94 to 75 euros, but left its rating at "neutral." Analyst Patrick Hummel cut his estimates in his response to Tuesday's profit warning, released Friday. He certainly sees long-term opportunities, but recommends that investors remain on the sidelines for the time being./ag/jha/

  Publication of the original study: September 13, 2024 / 3:12 AM / GMT

  First distribution of the original study: September 13, 2024 / 3:12 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 11, 2024

  Barclays maintains BMW at 'Underweight' - target 90 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has maintained its rating for BMW at "Underweight" with a price target of €90. The Munich-based company's profit warning also does not reflect well on other German manufacturers with significant business in China, wrote analyst Henning Cosman in his commentary published Wednesday./ag/men

  Publication of the original study: September 11, 2024 / 5:48 a.m. / GMT

  First distribution of the original study: September 11, 2024 / 5:53 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 11, 2024

  RBC lowers target for BMW to 81 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Following a profit warning for 2024, Canadian bank RBC lowered its price target for BMW from €98 to €81 and maintained its "Sector Perform" rating. It is uncertain how long the weak demand will last, analyst Tom Narayan wrote in a report released Wednesday. He therefore, according to his own statement, made significant cuts to his forecasts for the German automaker in the coming year./bek/nas

  Publication of the original study: September 11, 2024 / 2:24 PM / EDT

  First distribution of the original study: September 11, 2024 / 2:24 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 11, 2024

  Deutsche Bank Research lowers target for BMW to 90 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has lowered its price target for BMW from €115 to €90 and maintained its rating at "Buy." The Munich-based company's profit warning has triggered a shockwave in the industry, wrote analyst Tim Rokossa in his commentary published on Wednesday. While the underlying problems with Continental's braking system are known, the extent of the problem is much greater than recently discussed. Despite the difficult environment, he considers the warning to be BMW-specific for the time being and does not anticipate any other major corrections./ag/zb

  Publication of the original study: September 11, 2024 / Time not specified in the study / CET

  First distribution of the original study: September 11, 2024 / 8:05 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 11, 2024

  Jefferies lowers target for BMW to 80 euros - 'Hold'

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has lowered its price target for BMW from €95 to €80, but maintained its "Hold" rating. The extent of the earnings target revision is surprising, wrote analyst Philippe Houchois in his commentary published Wednesday. It cut its forecast for the operating margin (EBIT) in the automotive division to 6.6 percent this year./ag/men

  Publication of the original study: September 11, 2024 / 12:11 AM / ET

  First distribution of the original study: September 11, 2024 / 12:11 AM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 10, 2024

  Goldman lowers target for BMW to 104 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for BMW from €117 to €104, but maintained its rating at "Neutral." Market capitalization has almost reached cash levels, wrote analyst George Galliers in his commentary published Wednesday on the sharp price reaction to the surprise profit warning./ag/men

  Publication of the original study: September 10, 2024 / 9:45 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 10, 2024

  Goldman leaves BMW at 'Neutral' - Target 117 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for BMW at "Neutral" with a price target of €117 following a profit warning. Analyst George Galliers wrote in a report released Tuesday that he was surprised by the extent of the automaker's lowered annual targets, after noticing management's confidence in the quarterly figures at the beginning of August. He also emphasized that the problem with the braking systems first occurred in the first quarter, while the challenges in China had been a topic throughout the year so far./ck/bek

  Publication of the original study: September 10, 2024 / 1:56 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 10, 2024

  JPMorgan lowers target for BMW to 95 euros - 'Overweight'

  NEW YORK (dpa-AFX Analyst) - Following a profit warning for the current fiscal year, US bank JPMorgan lowered its price target for BMW from €115 to €95, leaving the rating at "Overweight." Analyst Jose Asumendi reduced the automaker's earnings estimates for 2024 and 2025 by an average of 15 percent in a study released Tuesday. He pointed to two problems in BMW's automotive division: a supplier's brake system recalls and sluggish sales momentum in China./bek/ck

  Publication of the original study: September 10, 2024 / 2:29 PM / BST

  First distribution of the original study: September 10, 2024 / 2:29 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 10, 2024

  UBS leaves BMW at 'neutral' after profit warning

  ZURICH (dpa-AFX Analyst) - Following a profit warning, Swiss bank UBS has maintained BMW's "neutral" rating with a price target of €94. The lowered targets are partly due to one-off effects, while the other part is due to the operating business, analyst Patrick Hummel wrote in a quick assessment published Tuesday. He cited a technical issue with Continental's new integrated braking system (IBS) and subdued demand in China. Hummel now intends to review his estimates./ck/bek

  Publication of the original study: September 10, 2024 / 1:29 PM / GMT

  First distribution of the original study: September 10, 2024 / 1:29 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 9, 2024

  Berenberg lowers target for BMW to 90 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for BMW from 110 to 90 euros, but maintained its "Hold" rating. In his commentary on the European auto industry published on Tuesday, analyst Romain Gourvil cut operating profit estimates through 2026 by an average of around ten percent. A lack of affordable options for electric cars is slowing sales. The expert also highlights regulatory risks related to CO2 emissions. At the same time, however, Gourvil praises the strong cash growth and the high proportion of new models in total sales. BMW, together with Renault, is leading the way here./ag/la

  Publication of the original study: September 9, 2024 / 4:09 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 6, 2024

  Bernstein maintains BMW at 'Outperform' - Target 96 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €96. Analyst Daniel Roeska examined the electric vehicle market in the US in an industry study released Friday. After rapid growth over the past three years, the market is now beginning to slow, with Tesla steadily losing market share since 2021, while Ford and GM have gained ground. European manufacturers also gained market share by 2024, but only BMW managed to increase volumes or market share in the first eight months of this year./ajx/ag

  Publication of the original study: September 6, 2024 / 8:19 a.m. / UTC First distribution of the original study: September 6, 2024 / 8:19 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 4, 2024

  Bernstein maintains BMW at 'Outperform' - Target 96 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BMW at "Outperform" with a price target of €96. In a study published Thursday, analyst Stephen Reitman examined the question of how much importance younger generations still place on having a driver's license. His research confirmed that fewer young people can drive today than about 30 years ago. He concludes that cars are still relevant, but more so for people in later life./tih/ajx

  Publication of the original study: September 4, 2024 / 3:41 PM / UTC

  First distribution of the original study: September 5, 2024 / 5:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 4, 2024

  UBS leaves BMW at 'Neutral' - Target 94 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BMW at "Neutral" with a price target of €94. It remains to be seen whether the tax incentives planned for electric cars in Germany will apply primarily to company cars or to all buyers, analyst Patrick Hummel wrote in a study published Wednesday following recent statements by German Economics Minister Robert Habeck. He also wonders whether Germany will begin to differentiate between electric vehicles manufactured in the EU, as France and Italy do. However, he considers this unlikely./ck/ajx

  Publication of the original study: September 4, 2024 / 7:21 a.m. / GMT

  First distribution of the original study: September 4, 2024 / 7:21 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2024

  Jefferies lowers target for BMW to 95 euros - 'Hold'

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has lowered its price target for BMW from €110 to €95 and maintained its rating at "Hold." The details of the European Union's 2025 CO2 targets are more challenging than initial announcements had suggested, analyst Philippe Houchois wrote in a report released Wednesday. It is still difficult to say who will and will not meet these targets, but Stellantis is best positioned and Volkswagen worst. Houchois intends to further assess compliance with the targets and the associated impacts. Regardless, he reduced his estimates for BMW and Mercedes-Benz./tih/ck

  Publication of the original study: September 3, 2024 / 7:06 a.m. / ET

  First distribution of the original study: September 3, 2024 / 7:06 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2024

  RBC maintains BMW at 'Sector Perform' - Target 98 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for BMW at "Sector Perform" with a price target of €98. One reason for the Munich-based automaker's strength in the second half of the year implied by the company's forecast is the improved product mix, wrote analyst Tom Narayan in a study published Tuesday. For example, the share of the Mini subcompact will be lower in 2024 than in 2023. Furthermore, the expert predicts there will be more top-of-the-line models, including the recently introduced M5, M3, M3 Touring, 5 Series Touring, and the M5 Touring, which will be launched later this year. Management also expects tailwinds from the foreign exchange and commodity markets./la/jha/

  Publication of the original study: September 3, 2024 / 12:41 PM / EDT. First distribution of the original study: September 3, 2024 / 12:41 PM / EDT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 27, 2024

  RBC lowers target for BMW to 98 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for BMW from €106 to €98, but maintained its "Sector Perform" rating. The order book provides confidence that operating profit (EBIT) in the automotive business will be approximately 25 percent higher in the second half of the year than in the first half, analyst Tom Narayan wrote in a study released Tuesday. However, the return on capital employed is lower than at Mercedes. This is likely also one of the reasons for the comparatively weaker BMW share price since the beginning of the year./ajx/he

  Publication of the original study: August 27, 2024 / 4:15 p.m. / EDT First distribution of the original study: August 27, 2024 / 4:15 p.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 26, 2024

  UBS leaves BMW at 'Neutral' - Target 94 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BMW at "neutral" with a price target of €94. Sluggish sales of electric vehicles are making it more difficult for vehicle manufacturers to meet CO2 targets, analyst Patrick Hummel wrote in an industry study released Tuesday. Meanwhile, BMW should achieve its targets even without the new model series./mf/tih

  Publication of the original study: August 26, 2024 / 5:55 PM / GMT

  First distribution of the original study: August 26, 2024 / 5:55 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.