Dr. Ing. h.c. F. Porsche AG / Analyst ratings

Price targets

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Analyst ratings

9 analysts rated this company in the past 90 days. The average target price is €45.78, this is a change of +11.4% compared to the current price.

September 23, 2025
Berenberg maintains Porsche AG on 'Hold' - Target 48 euros

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its rating for Porsche AG at "Hold" with a price target of €48. CEO Oliver Blume reflected the recent forecast cuts by VW and Porsche AG, Romain Gourvil wrote after the second day of the Berenberg conference on Tuesday. He explained, among other things, why VW lowered its cash flow target to zero, while the sports car manufacturer left it unchanged. This is because the commercial vehicle subsidiary Traton is now fully considered in the VW outlook./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) 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 22, 2025
JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its "Overweight" rating on Porsche AG with a price target of €64. It has revised its valuation model and estimates to reflect the sports car manufacturer's restructuring expenses, Jose M. Asumendi wrote in an assessment released Monday. However, these are unlikely to be a surprise for the market./rob/gl/men

Publication of the original study: September 22, 2025 / 5:34 PM / BST First distribution of the original study: September 22, 2025 / 5:34 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 22, 2025
Bernstein lowers target for Porsche AG - 'Market Perform'

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research lowered its price target for Porsche AG from €46 to €39, but maintained its "Market-Perform" rating. Analyst Stephen Reitman adjusted his estimates on Monday to reflect the forecast cut before the weekend. Investors, including VW, are noticeably frustrated with the Zuffenhausen-based company's attempts to get its problems under control. Reitman sees better opportunities in the sector than at Porsche and VW./ag/mf

Publication of the original study: September 22, 2025 / 6:13 a.m. / UTC

First distribution of the original study: September 22, 2025 / 6:13 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 22, 2025
Warburg Research maintains Porsche AG on 'Hold' - Target 41 euros

HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Porsche AG at "Hold" with a price target of €41. The current financial headwinds could turn into strong tailwinds in the future, wrote Fabio Hölscher on Monday following the forecast cut before the weekend. The lower medium-term margin corridor had already been expected by the market./ag/mf

Publication of the original study: September 22, 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.
September 21, 2025
UBS maintains 'Neutral' rating on Porsche AG - Target 45 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Porsche AG at "neutral" with a price target of €45. A more realistic target is generally a good thing, wrote Patrick Hummel in his commentary on Friday's forecast cut, published Monday. However, he expects further share price weakness, as the Zuffenhausen-based company's shares are still valued significantly higher than Mercedes and BMW and are valued like a luxury goods group./rob/ag/tih

Publication of the original study: September 21, 2025 / 11:03 PM / GMT

First distribution of the original study: September 22, 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.
September 21, 2025
Jefferies lowers target for Porsche AG to 40 euros - 'Hold'

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies lowered its price target for Porsche AG from €47 to €40, but maintained its "Hold" rating. Analyst Philippe Houchois adjusted his estimates for the sports car manufacturer and its parent company Volkswagen on Sunday, reflecting the forecast cuts from Friday evening. The Zuffenhausen-based company's turnaround will be a long-drawn-out process./ag/zb

Publication of the original study: September 21, 2025 / 5:57 PM / ET

First distribution of the original study: September 21, 2025 / 5:57 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 19, 2025
RBC maintains Porsche AG at 'Sector Perform' - Target €43

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Porsche AG at "Sector Perform" with a price target of €43, following a lowered forecast in light of new multi-billion dollar charges. The move underscores the significant short-term pressure the sports car manufacturer faces, wrote Tom Narayan in a report released Friday. Delays in the e-mobility platform and a shift toward hybrid and combustion engines signal challenges for the company's electrification strategy. The updated forecast for 2025 shows a significant deterioration in profitability./rob/la/nas

Publication of the original study: September 19, 2025 / 3:59 p.m. / EDT First distribution of the original study: September 19, 2025 / 3:59 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.
September 19, 2025
Jefferies maintains 'Hold' rating on Porsche AG - Target: €47

NEW YORK (dpa-AFX Analyst) - After lowering its forecast in light of new multi-billion dollar charges, analyst firm Jefferies has maintained its rating for Porsche AG at "Hold" with a price target of €47. According to the sports car manufacturer, the operating return for the full year is likely to be only slightly positive, up to 2 percent. This implies a decline in market expectations for profits of approximately €1.7 billion, wrote Philippe Houchois in a study published Friday./rob/la/nas

Publication of the original study: September 19, 2025 / 1:40 p.m. / Time zone not specified in the study

First distribution of the original study: September 19, 2025 / 1:40 p.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.
September 18, 2025
Berenberg maintains Porsche AG on 'Hold' - Target 48 euros

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Hold" rating on Porsche AG with a price target of €48. 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, wrote Romain Gourvil 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
JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - Following discussions with the management team at the IAA motor show, US bank JPMorgan has maintained Porsche AG's "Overweight" rating with a price target of €64. The sports car manufacturer is seeing initial signs of stabilization in the Chinese market and opportunities for growth outside of China in Asia, Jose M. Asumendi wrote in an assessment released Tuesday. Porsche also has no plans to establish production sites in the USA./rob/gl/tih

Publication of the original study: September 9, 2025 / 1:37 PM / BST

First distribution of the original study: September 9, 2025 / 1:37 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 lowers target for Porsche AG to €43 - 'Sector Perform'

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has lowered its price target for Porsche AG from €45 to €43 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 20, 2025
Warburg Research starts Porsche AG with 'Hold' - target 41 euros

HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has added a "Hold" rating to Porsche AG, setting a price target of €41. After a decade of commercial and financial success, market developments have clashed with the sports car manufacturer's strategy, the recalibration of which is likely to burden growth and margins for years to come, wrote Fabio Hölscher in an initial assessment released Wednesday. How long this phase will last is also uncertain and also depends on geopolitical developments./gl/tih

Publication of the original study: August 20, 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) 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 1, 2025
JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - Following an investor event with the CFO, US bank JPMorgan has maintained its rating for Porsche AG at "Overweight" with a price target of €64. The sports car manufacturer is expected to make progress with margins in 2026, Jose Asumendi wrote in a study released Monday./rob/mis/la

Publication of the original study: August 1, 2025 / 5:59 PM / BST

First distribution of the original study: August 1, 2025 / 5:59 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), 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
Deutsche Bank maintains 'Buy' rating on Porsche AG - target 55 euros

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Porsche AG at "Buy" with a price target of €55. Porsche may be the best investment story of 2026, wrote Tim Rokossa on Thursday after the quarterly results. He emphasized the "bullish" outlook./ajx/he

Publication of the original study: July 31, 2025 / Time not specified in study / CET. First distribution of the original study: July 31, 2025 / 8:02 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), 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 30, 2025
Bernstein lowers target for Porsche AG - 'Market Perform'

NEW YORK (dpa-AFX Analyst) - The US analyst firm Bernstein Research has lowered its price target for Porsche AG from €47 to €46 following the company's figures and left the rating at "Market-Perform." Stephen Reitman emphasized in a study released Thursday that the reduction in the target margin range was already the third adjustment to the profit targets this year.

He continues to value the sports car manufacturer at an 80 percent discount to Ferrari, thus justifying the slightly reduced price target in light of expectations for the Italian competitor./tih/men

Publication of the original study: July 30, 2025 / 11:16 PM / UTC

First distribution of the original study: July 31, 2025 / 4:10 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.
July 30, 2025
Berenberg maintains Porsche AG on 'Hold' - Target 48 euros

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Hold" rating on Porsche AG with a price target of €48 following the quarterly figures released the day before. The key figures were weak, wrote Romain Gourvil in a study published Thursday. The sports car manufacturer's revised outlook is in line with expectations./rob/edh/ck

Publication of the original study: July 30, 2025 / 4:34 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), 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 30, 2025
UBS raises target for Porsche AG to 45 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Porsche AG from €41 to €45 following the company's earnings release and maintained its rating at "Neutral." The sports car manufacturer has likely bottomed out, Patrick Hummel wrote in a study released Thursday. However, the road back to a double-digit operating margin is long. There is still a lack of predictability. The expert justified the higher price target with the tariff deal reached between the EU and the US./rob/tih/men

Publication of the original study: July 30, 2025 / 4:38 p.m. / GMT

First distribution of the original study: July 30, 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 30, 2025
JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has maintained its rating for Porsche AG at "Overweight" with a price target of 64 euros following a conference call on the sports car manufacturer's quarterly figures. Management's comments regarding the restructuring plan, margin development, and free cash flow target were reassuring, wrote Jose M. Asumendi in a study released Thursday./rob/edh/mis

Publication of the original study: July 30, 2025 / 10:28 a.m. / BST

First distribution of the original study: July 30, 2025 / 10:28 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.
July 30, 2025
JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - Following the final half-year figures, US bank JPMorgan has maintained its rating for Porsche AG at "Overweight" with a price target of €64. Analyst Jose M. Asumendi emphasized in a report released Wednesday that, following the previously published key figures, there were no longer many surprises. Comments regarding the restructuring plan were reassuring. Adjusted for one-time effects, the sports car manufacturer continues to generate double-digit margins. Despite all the challenges, the company aims to achieve positive free cash flow for the full year./tih/ajx

Publication of the original study: July 30, 2025 / 10:28 AM / BST

First distribution of the original study: July 30, 2025 / 10:28 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.
July 30, 2025
UBS maintains 'Neutral' rating on Porsche AG - Target 41 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Porsche AG at "Neutral" after the company's earnings release, with a price target of €41. The sports car manufacturer narrowly exceeded its very low expectations in the second quarter, Patrick Hummel wrote in a study released Wednesday. However, on an absolute basis, operating profit and free cash flow were very low. He sees nothing in the figures that would make him more optimistic about the shares./rob/tih/la

Publication of the original study: July 30, 2025 / 7:32 a.m. / GMT

First distribution of the original study: July 30, 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 30, 2025
Jefferies maintains 'Hold' rating on Porsche AG - Target: €47

NEW YORK (dpa-AFX Analyst) - Following its second-quarter results, analyst Jefferies maintained its "Hold" rating for Porsche AG with a price target of €47. As Philippe Houchois wrote in a study released Wednesday, the results and reduced targets were in line with expectations. The consensus is already at the lower end of the revenue forecast and in the middle of the margin forecast./tih/la

Publication of the original study: July 30, 2025 / 3:18 a.m. / ET

First distribution of the original study: July 30, 2025 / 3:18 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.
July 30, 2025
Bernstein maintains Porsche AG at 'Market Perform' - Target 47 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" following its quarterly results, with a price target of €47. Since the key figures were already known, interest is focused on the sports car manufacturer's bleak outlook, wrote Stephen Reitman in an initial reaction released Wednesday./edh/mis

Publication of the original study: July 30, 2025 / 6:48 a.m. / UTC

First distribution of the original study: July 30, 2025 / 6:48 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.
July 30, 2025
RBC maintains Porsche AG at 'Sector Perform' - Target €45

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Porsche AG at "Sector Perform" with a price target of €45 following the company's earnings release. As expected, the second quarter was impacted by one-off effects, wrote Tom Narayan in a study released Wednesday. He cited write-downs, restructuring, and tariff effects. The partially renewed targets for the current year are within the scope of the analyst consensus./rob/tih/men

Publication of the original study: July 30, 2025 / 3:28 a.m. / EDT

First distribution of the original study: July 30, 2025 / 3:28 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
RBC maintains Porsche AG at 'Sector Perform' - Target €45

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Porsche AG at "Sector Perform" with a price target of €45. Among EU automakers, BMW, Ferrari, and Mercedes-Benz are best positioned, wrote Tom Narayan in his outlook for the reporting season published Thursday. Porsche is likely to develop in line with the industry./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), 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 maintains 'Buy' rating on Porsche AG - target 55 euros

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Porsche AG with a price target of €55. The sports car manufacturer's figures at the end of July are likely to reflect an expected weak and difficult second quarter, Tim Rokossa wrote in his outlook published on Friday./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), 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 9, 2025
Jefferies maintains 'Hold' rating on Porsche AG - Target: €47

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Porsche AG at "Hold" with a price target of €47. Ahead of the upcoming second-quarter results, the sports car manufacturer expressed "cautiousness," wrote Philippe Houchois in a report released Wednesday. Overall, however, the comment was consistent with earlier reports of a balanced operating result and net cash flow in the second quarter. While he did not make any significant changes to his annual estimates, he considers Porsche's current annual target to be too high unless the US makes tariff concessions soon./ck/he

Publication of the original study: July 9, 2025 / 4:08 p.m. / ET. First distribution of the original study: July 9, 2025 / 4:08 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.
July 1, 2025
UBS maintains 'Neutral' rating on Porsche AG - Target 41 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Porsche AG at "Neutral" with a price target of €41. Import tariffs are likely to have had a less severe impact on the European automotive industry in the second quarter than initially feared, wrote Patrick Hummel in his sector outlook for the reporting season published on Wednesday. The expert raised its estimates for global vehicle production in 2025 and 2026. However, Porsche is threatened with a profit warning upon publication of its quarterly financial statements./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.
June 25, 2025
RBC launches Porsche AG with 'Sector Perform' - Target 45 Euro

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has initiated its rating of Porsche AG shares with a "Sector Perform" rating, with a price target of €45. The sports car manufacturer's shares have fallen by about half since their IPO and by as much as 65 percent since their record high, Tom Narayan noted in his assessment released Wednesday. The stock may be attractive over a three- to five-year timeframe, but in the short term, declining sales in China and tariff headwinds argue against an optimistic assessment./tih/ag

Publication of the original study: June 25, 2025 / 12:39 AM / EDT

First distribution of the original study: June 25, 2025 / 12:45 AM / 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 16, 2025
BofA lowers Porsche AG to 'underperform' and target to 37 euros

NEW YORK (dpa-AFX Analyst) - The US investment bank Bank of America (BofA) has downgraded Porsche AG from "Neutral" to "Underperform" and lowered its price target from €61 to €37. His main concern regarding the sports car manufacturer is revenue, wrote Horst Schneider in a study released Monday. While the consensus still expects slight revenue growth for 2026 and 2027, he anticipates a moderate decline in revenue. He considers the absolute downtrend of the share to be limited. Nevertheless, the stock is likely to remain a relative underperformer compared to the sector.

Publication of the original study: June 16, 2025 / / EDT

First distribution of the original study: June 16, 2025 / / 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 10, 2025
JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its "Overweight" rating on Porsche AG with a price target of €64. Following an auto conference, Jose M. Asumendi wrote in a study released Tuesday that he has not changed his earnings estimates for the sports car manufacturer. However, it now takes into account the numerous special effects that are consistent with the outlook, the impact of which totals around one billion euros in the current quarter./rob/gl/jha/

Publication of the original study: June 10, 2025 / 2:23 p.m. / BST First distribution of the original study: June 10, 2025 / 2:23 p.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 27, 2025
Bernstein maintains Porsche AG at 'Market Perform' - Target 47 euros

NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €47. 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 its 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
Deutsche Bank Research maintains 'Buy' rating on Porsche AG

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Porsche AG at "Buy" with a price target of €55 following an investor event with the sports car manufacturer's CEO. Volatility remains high due to the global tariff dispute, Tim Rokossa wrote in a study released Friday. However, initial progress can be seen in implementing the new strategy./niw/edh

Publication of the original study: May 16, 2025 / Time not specified in study / 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.
May 12, 2025
Bernstein maintains Porsche AG at 'Market Perform' - Target 47 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained a "Market-Perform" rating on Porsche AG with a price target of €47. 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.
April 30, 2025
Deutsche Bank maintains 'Buy' rating on Porsche AG - target 55 euros

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Porsche AG at "Buy" with a price target of €55 following quarterly figures and a further gloomy annual outlook. The sports car manufacturer's second profit warning this year has disappointed the market, wrote analyst Tim Rokossa in a study released Wednesday./edh/ajx

Publication of the original study: April 30, 2025 / Time not specified in study / CEST

First distribution of the original study: April 30, 2025 / 8:00 a.m. / 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 30, 2025
UBS lowers target for Porsche AG to 41 euros - 'Neutral'

ZURICH (dpa-AFX Analyser) - The Swiss major bank UBS has lowered its price target for Porsche AG from 45 to 41 euros and left the rating at "neutral". As long as the US tariffs remain in place, the operating margin is likely to remain well below 10 percent – and thus in mass-market territory, wrote analyst Patrick Hummel in an assessment released Wednesday./ajx/gl

Publication of the original study: April 30, 2025 / 6:52 a.m. / GMT First distribution of the original study: April 30, 2025 / 6:52 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.
April 29, 2025
Jefferies lowers target for Porsche AG to 47 euros - 'Hold'

NEW YORK (dpa-AFX Analyst) - Research firm Jefferies lowered its price target for Porsche AG from €49 to €47 and maintained its "Hold" rating. The sports car manufacturer missed the opportunity to put a stop to a series of profit warnings, analyst Philippe Houchois wrote in a report released Tuesday. He is referring to the fact that the impact of US tariffs was not applied to the full year. Porsche could also be forced to shrink even more than desired due to lower demand from China and consider a strategy aimed at increasing synergies with Audi./tih/he

Publication of the original study: April 29, 2025 / 2:42 p.m. / ET First distribution of the original study: April 29, 2025 / 2:42 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.
April 29, 2025
Bernstein lowers Porsche AG target to 47 euros - 'Market Perform'

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research lowered its price target for Porsche AG from €57 to €47 following the company's earnings results and maintained its rating at "Market-Perform." In a study released Wednesday, analyst Stephen Reitman questioned whether the sports car manufacturer's bottom is near after its second profit warning in two months. If the US tariffs persist, further margin pressure is inevitable. The VW subsidiary has a long "to-do list," also due to China and its own restructuring./tih/he

Publication of the original study: April 29, 2025 / 11:55 PM / UTC. First distribution of the original study: April 30, 2025 / 4:11 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.
April 29, 2025
Berenberg lowers target for Porsche AG to 48 euros - 'Hold'

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg lowered its price target for Porsche AG from €62 to €48 following first-quarter figures and a revised outlook, but maintained the rating at "Hold." Analyst Romain Gourvil cited trade conflicts and their immediate impact through tariffs as the reasons for this decision in a study published Wednesday. In addition, the electric vehicle business is slowing. Further reductions in market estimates are likely./bek/gl

Publication of the original study: April 29, 2025 / 4:05 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.
April 29, 2025
JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Porsche AG at "Overweight" with a price target of €64. Following the conference call on the sports car manufacturer's quarterly results, the company left its forecasts largely unchanged, wrote analyst Jose Asumendi in a report released Tuesday. He pointed out that Porsche and the automotive industry continue to face many uncertainties.

Publication of the original study: April 29, 2025 / 3:28 p.m. / GMT First distribution of the original study: April 29, 2025 / 3:28 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.
April 29, 2025
Bernstein maintains Porsche AG at 'Market Perform' - Target 57 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €57 following its first-quarter results. The sports car manufacturer had already cut its targets for the second time in just two months, analyst Stephen Reitman wrote in a report released Tuesday. He no longer sees any real surprises in the results./tih/mis

Publication of the original study: April 29, 2025 / 6:58 a.m. / UTC

First distribution of the original study: April 29, 2025 / 6:58 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.
April 29, 2025
Jefferies maintains 'Hold' rating on Porsche AG - Target €49

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Porsche AG at "Hold" with a price target of €49 following the first-quarter figures. Following lowered annual targets the previous evening, the quarterly results are no longer particularly relevant, wrote analyst Philippe Houchois in a report released Tuesday./bek/men

Publication of the original report: April 29, 2025 / 2:51 a.m. / ET

First distribution of the original report: April 29, 2025 / 2:51 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), 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 29, 2025
UBS maintains 'Neutral' rating on Porsche AG - Target 45 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Porsche AG with a price target of €45. The sports car manufacturer's profit warning overshadowed the quarterly figures, analyst Patrick Hummel wrote in an initial reaction on Tuesday. The operating margin is now at the level of mass producers, which is likely to fuel discussions about the high valuation.

Publication of the original study: April 29, 2025 / 6:36 a.m. / GMT First distribution of the original study: April 29, 2025 / 6:36 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.
April 28, 2025
Bernstein maintains Porsche AG at 'Market Perform' - Target 57 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €57. The sports car manufacturer must once again lower its targets, analyst Stephen Reitman wrote in a report released Monday. The reason is the US tariffs, which so far have only been taken into account for the months of April and May. If these data are collected for a longer period, this would pose further downside potential./tih/he

Publication of the original study: April 28, 2025 / 8:21 p.m. / UTC First distribution of the original study: April 28, 2025 / 8:21 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) 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 28, 2025
Jefferies maintains 'Hold' rating on Porsche AG - Target €49

NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its rating for Porsche AG at "Hold" with a price target of €49. Analyst Philippe Houchois spoke of a "further lowered outlook" for the sports car manufacturer in a report released Monday. There were no initial comments on the figures, which are expected the following day. The only major surprise was a special expense recorded for the battery subsidiary Cellforce./tih/he

Publication of the original study: April 28, 2025 / 4:08 p.m. / ET First distribution of the original study: April 28, 2025 / 4:08 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.
April 24, 2025
Morgan Stanley lowers target for Porsche AG - 'Underweight'

NEW YORK (dpa-AFX Analyst) - US investment bank Morgan Stanley has lowered its price target for Porsche AG from €65 to €38 and maintained its rating at "Underweight." The darkest days are 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 14, 2025
UBS lowers target for Porsche AG to 45 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Porsche AG from 53 to 45 euros, but maintained its rating at "neutral." 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 9, 2025
JPMorgan lowers target for Porsche AG to 78 euros - 'Overweight'

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Porsche AG from €93 to €78 following the last conference call before the quarterly results, but maintained its rating at "Overweight." The sports car manufacturer likely had a slow start to the year, analyst Jose Asumendi wrote in an outlook published Wednesday. He expects revenue of €8.2 billion and an operating margin of 8 percent. Based on declining vehicle deliveries in the first quarter of the year, it reduced its revenue estimate for 2025 by 5 percent and its earnings forecast (EBIT) by 10 percent./edh/men

Publication of the original study: April 9, 2025 / 6:00 PM / GMT

First distribution of the original study: April 9, 2025 / 6:00 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.
April 9, 2025
UBS maintains 'Neutral' rating on Porsche AG - Target 53 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Porsche AG at "Neutral" with a price target of €53 following delivery figures for the first quarter. The Stuttgart-based company had already warned in advance that the first quarter would likely be the weakest of the year, analyst Patrick Hummel wrote in a study released Wednesday. Whether this will happen, however, now depends on the US import tariffs, which Porsche is the most affected by among German manufacturers./bek/gl

Publication of the original study: April 9, 2025 / 7:37 a.m. / GMT First distribution of the original study: April 9, 2025 / 7:37 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.
March 13, 2025
Bernstein lowers target for Porsche AG to 57 euros; 'Market Perform'

NEW YORK (dpa-AFX Analyser) - The US analyst firm Bernstein Research has lowered its price target for Porsche AG from 64 to 57 euros, but left the rating at "Market-Perform". He has significantly lowered his estimates for the sports car manufacturer following the final annual figures and continues to value it at an 80 percent discount to Ferrari, wrote analyst Stephen Reitman in an assessment released Friday./gl/edh

Publication of the original study: March 13, 2025 / 11:14 p.m. / UTC First distribution of the original study: March 14, 2025 / 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.
March 12, 2025
Goldman maintains Porsche AG at 'Buy' - target 65 euros

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Porsche AG following its fourth-quarter results, with a price target of €65. The results are in line with the pre-announcements, wrote analyst George Galliers in an initial reaction released Wednesday. However, he pointed to research and development costs, which, adjusted for third-party expenses, were significantly below expectations in the quarter. This raises questions./tih/edh

Publication of the original study: March 12, 2025 / 7:49 a.m. / GMT

First distribution of the original study: Date not specified in the study / Time not specified in the study / 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.
March 12, 2025
Jefferies maintains 'Hold' rating on Porsche AG - Target 65 euros

NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its rating for Porsche AG at "Hold" with a price target of €65. Analyst Philippe Houchois, in a study released Thursday, saw no surprises in the sports car manufacturer's final figures and forecasts. In the accompanying statements, he recognizes "more continuity than discontinuity" regarding the strategy and objectives./tih/mis

Publication of the original study: March 12, 2025 / 3:48 AM / ET

First distribution of the original study: March 12, 2025 / 3:48 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.
March 12, 2025
UBS lowers target for Porsche AG to 53 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Porsche AG from 55 to 53 euros and left the rating at "neutral." It is still too early to declare a bottom for the sports car manufacturer's profitability, analyst Patrick Hummel wrote in a study released Wednesday. Management's comments on potential catalysts such as prices, new products, and cost savings remained vague.

Publication of the original study: March 12, 2025 / 3:54 PM / GMT

First distribution of the original study: March 12, 2025 / 3:54 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) 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 12, 2025
Bernstein maintains Porsche AG at 'Market Perform' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - Following detailed figures, US analyst Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €64. The sports car manufacturer has reaffirmed its outlook for 2025, which it announced on February 6, analyst Stephen Reitman wrote in a report released Wednesday. The long-term margin target of 20 percent was also confirmed, and the company now aims for a medium-term margin of 15 to 17 percent. However, the outlook does not take into account the impact of tariffs. Porsche also expects very challenging market conditions to continue, Reitman pointed out./ck/tih

Publication of the original study: March 12, 2025 / 8:11 a.m. / UTC

First distribution of the original study: March 12, 2025 / 8:11 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 12, 2025
UBS maintains 'Neutral' rating on Porsche AG - Target 55 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Porsche AG following its earnings release, with a price target of €55. The sports car manufacturer met expectations for the past quarter overall and confirmed its targets for 2025 as expected, analyst Patrick Hummel wrote in an initial reaction on Wednesday. However, the medium-term margin target range has been lowered, which is likely to be poorly received by the market. The return to improved profitability will likely take several years./gl/edh

Publication of the original study: March 12, 2025 / 7:21 a.m. / GMT First distribution of the original study: March 12, 2025 / 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.
March 12, 2025
JPMorgan maintains Porsche AG at 'Overweight' - target 110 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Porsche AG at "Overweight" with a price target of €110. The sports car manufacturer's figures were in line with expectations, wrote analyst Jose Asumendi in a report released Wednesday. The projected margin for the current year of 10 to 12 percent is at the upper end of the consensus range. Porsche is clearly focusing on the realignment of its drive strategy, which should enable it to achieve global growth again./ck/tih

Publication of the original study: March 12, 2025 / 7:10 a.m. / GMT

First distribution of the original study: March 12, 2025 / 7:10 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.
March 3, 2025
Bernstein maintains Porsche AG at 'Market Perform' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €64. 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. The majority of new electric vehicles are expected to be launched starting in 2026. The beneficiaries are those who have lagged the furthest behind so far, including Porsche AG./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 18, 2025
Goldman lowers target for Porsche AG to 65 euros - 'Buy'

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Porsche AG from €69 to €65, but maintained its "Buy" rating. Analyst George Galliers adjusted his estimates on Tuesday afternoon to reflect the sports car manufacturer's renewed strategy./ag/edh

Publication of the original study: February 18, 2025 / 3:25 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), 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 12, 2025
Jefferies maintains 'Hold' rating on Porsche AG - Target 65 euros

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained a "Hold" rating on Porsche AG with a price target of €65. Last week, the sports car manufacturer initiated a long-overdue strategic shift, analyst Philippe Houchois wrote in an assessment released Thursday. In addition to the powertrains and models, a key question is the extent to which Porsche is willing to return to its sports and luxury roots and curtail diversification in the premium segment. Only the former could help the valuation, which is more aligned with Mercedes-Benz than Ferrari./gl/tih

Publication of the original study: February 12, 2025 / 1:37 p.m. / ET First distribution of the original study: February 12, 2025 / 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.
February 7, 2025
Deutsche Bank Research lowers target for Porsche AG - 'Buy'

FRANKFURT (dpa-AFX Analyser) - Deutsche Bank Research has lowered its price target for Porsche AG from 80 to 70 euros, but left the rating at "Buy". Restructuring costs of €800 million will weigh on the 2025 margin on the path to a smaller but more profitable company, analyst Tim Rokossa wrote on Friday in light of the Zuffenhausen-based company's current plans./ag/gl

Publication of the original study: February 7, 2025 / Time not specified in study / GMT First distribution of the original study: February 7, 2025 / 7:47 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.
February 7, 2025
UBS lowers target for Porsche AG to 55 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Porsche AG from 61 to 55 euros, but left its rating at "neutral." "This pit stop will take some time," wrote analyst Patrick Hummel on Friday evening, citing a "surprisingly harsh profit warning" and likely far-reaching changes in management. He cut his earnings forecasts for the Zuffenhausen-based company for 2025 and 2026 by up to 27 percent./ag/mis

Publication of the original study: February 7, 2025 / 8:23 p.m. / GMT

First distribution of the original study: February 10, 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.
February 7, 2025
UBS maintains 'Neutral' rating on Porsche AG - Target 61 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Porsche AG at "Neutral" with a price target of €61. Analyst Patrick Hummel, in an initial reaction released Friday, said a weak outlook had been expected, but the severity of this "profit warning" was clear. The analyst consensus for earnings per share could fall by 25 percent as a result. This suggests a likely negative price reaction./tih/gl

Publication of the original study: February 7, 2025 / 7:26 a.m. / GMT First distribution of the original study: February 7, 2025 / 7:26 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.
February 7, 2025
Berenberg lowers Porsche AG to 'Hold' - target 62 euros

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has downgraded Porsche AG from "Buy" to "Hold" and lowered its price target from €75 to €62. The Zuffenhausen-based company's outlook for 2025 represents a massive reset for short-term expectations, analyst Romain Gourvil wrote on Friday evening. His "buy" recommendation from March 2024 has proven to be incorrect. Porsche's execution is disappointing, and the valuation of the sports car manufacturer's shares is also drifting away from luxury levels. Ultimately, he sees Porsche in the "penalty box" - the worst is over, but they still have to prove themselves again./ag/mis

Publication of the original study: February 7, 2025 / 5:44 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.
February 6, 2025
Bernstein maintains Porsche AG at 'Market Perform' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €64 following preliminary annual figures. The sports car manufacturer's key figures were in line with initial indications, wrote analyst Stephen Reitman in a study released Friday. However, the bleak outlook for 2025 is a serious cause for concern./edh/nas

Publication of the original study: February 6, 2025 / 10:58 PM / UTC

First distribution of the original study: February 6, 2025 / 10:58 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 6, 2025
Goldman maintains Porsche AG at 'Buy' - target 69 euros

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Porsche AG with a price target of €69. The planned expansion of the model portfolio will come at a price in 2025, analyst George Galliers wrote on Thursday evening following the Zuffenhausen-based company's announcement. Most investors are likely to agree with the long-term plans, although there are some cost uncertainties./ag/mis

Publication of the original study: February 6, 2025 / 10:27 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.
February 6, 2025
JPMorgan maintains Porsche AG at 'Overweight' - target 110 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Porsche AG at "Overweight" with a price target of €110. The sports car manufacturer has announced plans to accelerate its product transformation and reaffirmed its financial guidance, analyst Jose Asumendi wrote in a report released Thursday. Overall, the announcements are a positive step toward making the necessary investments in its powertrain strategy. This will enable Porsche to return to growth over the next 24 months./ck/men

Publication of the original study: February 6, 2025 / 8:14 PM / GMT

First distribution of the original study: February 6, 2025 / 8:14 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.
February 4, 2025
Goldman maintains Porsche AG at 'Buy' - target 69 euros

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Porsche AG with a price target of €69. In his commentary on Tuesday regarding the new US tariffs, analyst George Galliers focused on the import and export data of the European auto industry. 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 segment. Porsche's US sales come entirely from Europe. However, Galliers 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
Goldman maintains Porsche AG at 'Buy' - target 69 euros

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Porsche AG with a price target of €69. The planned executive board restructuring is likely a precursor to a strategic shift at the Zuffenhausen-based company, wrote analyst George Galliers in his commentary published on Monday. A lot has happened since the IPO. The competitive situation in China has changed, and electrification in Europe is progressing more slowly than expected. Porsche is likely to respond strategically to this in the course of 2025./ag/mis

Publication of the original study: February 3, 2025 / 4:45 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 Porsche AG at 'Market Perform' - Target 64 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €64 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
UBS maintains 'Neutral' rating on Porsche AG - Target 61 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Porsche AG at "Neutral" with a price target of €61. Under normal circumstances, the upcoming change in CFO would cause uncertainty, analyst Patrick Hummel wrote on Sunday evening after the announcement of the restructuring plans for the executive board. However, given the massive short selling of the shares and the operational problems of the Zuffenhausen-based company, a positive price reaction is possible. However, the burdens from the issue of US tariffs are likely to prevail for the time being./ag/mis

Publication of the original study: February 2, 2025 / 8:18 PM / GMT

First distribution of the original study: February 2, 2025 / 8:18 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.
January 23, 2025
Deutsche Bank maintains 'Buy' rating on Porsche AG - target 80 euros

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Porsche AG at "Buy" with a price target of €80. According to an outlook on the sports car manufacturer's upcoming financial results released Thursday, analyst Tim Rokossa expects solid delivery volumes in the fourth quarter. However, he is more cautious about 2025./ck/mis

Publication of the original study: January 23, 2025 / Time not specified in study / CET

First distribution of the original study: January 23, 2025 / 8:15 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), 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 21, 2025
Berenberg lowers target for Porsche AG to 75 euros - 'Buy'

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Porsche AG from €83 to €75 and maintained its "Buy" rating. "Conditions remain dangerous," wrote analyst Romain Gourvil in his 2025 outlook for the European auto industry, published Wednesday. The hoped-for sales recovery will take longer than expected. Concerns about escalating trade tensions between the EU, the US, and China are just the latest tip of the iceberg of bad news. Ultimately, investors still need to be convinced that the strong momentum in model launches will truly improve the product mix in the short term. Gourvil is less optimistic about a margin recovery at sports car manufacturer Porsche AG./ag/ck

Publication of the original study: January 21, 2025 / 5:24 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.
January 21, 2025
Jefferies lowers target for Porsche AG to 65 euros - 'Hold'

NEW YORK (dpa-AFX Analyser) - The analysis house Jefferies has lowered the price target for Porsche AG from 75 to 65 euros, but left the rating at "Hold". In anticipation of the sports car manufacturer's lower-than-previously expected operating result (EBIT) for 2025, he reduced his price target, wrote analyst Philippe Houchois in a study published on Tuesday./edh/he

Publication of the original study: January 21, 2025 / 3:48 p.m. / ET First distribution of the original study: January 21, 2025 / 3:48 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 16, 2025
Bernstein lowers target for Porsche AG - 'Market Perform'

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research lowered its price target for Porsche AG from €74 to €64 in a sector outlook and maintained its rating at "Market-Perform." In the European automotive sector, some stocks offer lucrative returns, while others should be avoided by investors, analyst Stephen Reitman wrote in a report released Thursday. His "Top Pick" is Ferrari, complemented by his other recommendations for BMW, Renault, and Aston Martin. However, he remains generally skeptical about a revaluation, even if the sector is trading at a significant discount to the overall market.

Publication of the original study: January 16, 2025 / 00:19 / UTC

First distribution of the original study: January 16, 2025 / 05:03 / 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.
January 12, 2025
UBS maintains 'Neutral' rating on Porsche AG - Target 61 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Porsche AG at "Neutral" with a price target of €61 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 published 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.
January 10, 2025
JPMorgan maintains Porsche AG at 'Overweight' - target 110 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Porsche AG at "Overweight" with a price target of €110 in light of the upcoming quarterly results. 2025 is likely to be an important year for the sports car manufacturer to stabilize its business model, analyst Jose Asumendi wrote in a study released Friday. Porsche will likely focus on product launches and benefit from important software updates at the end of the year. In the first half of the year, the main focus will be on stabilizing deliveries in the Chinese market./la/ajx

Publication of the original study: January 10, 2025 / 8:26 a.m. / GMT First distribution of the original study: January 10, 2025 / 8:26 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.
December 6, 2024
Bernstein maintains Porsche AG at 'Market-Perform' - Target 74 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €74. 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 3, 2024
UBS downgrades Porsche AG to 'Neutral' - target down to 61 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has downgraded Porsche AG from "Buy" to "Neutral" and lowered its price target from €87 to €61. The buy recommendation is running out of steam, wrote analyst Patrick Hummel in his new assessment on Tuesday. The narrative of a better year in 2025 is dimming, as are the reasons for the luxury valuation./ag/gl

Publication of the original study: December 3, 2024 / 4:07 a.m. / GMT First distribution of the original study: December 3, 2024 / 4:07 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.
December 2, 2024
Barclays upgrades Porsche AG to 'Overweight' - target 70 euros

LONDON (dpa-AFX Analyst) - British investment bank Barclays has upgraded Porsche AG shares from "Equal Weight" to "Overweight" following recent weak price performance, with an unchanged price target of €70. With the stock near its record low, it's probably time for a re-entry, wrote analyst Henning Cosman in a report released Monday. Although the situation regarding sales, margins, and costs in 2025/26 remains vague, the bar for profit growth in 2025 and 2026 is now lower./mis/edh

Publication of the original study: December 2, 2024 / / GMT

First distribution of the original study: December 2, 2024 / / 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 27, 2024
Deutsche Bank Research maintains 'Buy' rating on Porsche AG

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Porsche AG at "Buy" with a price target of €85. The situation remains difficult, but the Zuffenhausen-based company is very well positioned to overcome it, wrote analyst Tim Rokossa in his commentary published on Wednesday following a meeting with management./ag/men

Publication of the original study: November 27, 2024 / Time not specified in study / CET

First distribution of the original study: November 27, 2024 / 7:55 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), 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 Porsche AG at 'Overweight' - target 110 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Porsche AG at "Overweight" with a price target of €110. 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 Porsche AG at 'Market-Perform' - Target 74 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €74. "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 20, 2024
Goldman maintains Porsche AG at 'Buy' - target 86 euros

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Porsche AG with a price target of €86. The Zuffenhausen-based company remains busy adapting to the increasingly challenging environment, wrote analyst George Galliers on Wednesday evening after a roadshow./ag/edh

Publication of the original study: November 20, 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), 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 'Buy' rating on Porsche AG - target 83 euros

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its rating for Porsche AG at "Buy" with a price target of €83. With Donald Trump's victory in the US presidential election, the risk of rising US import tariffs on European cars is increasing, wrote analyst Romain Gourvil 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 5, 2024
Deutsche Bank Research maintains 'Buy' rating on Porsche AG - target 85 euros

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Porsche AG at "Buy" with a price target of €85. The Zuffenhausen-based company is preparing for lower sales volumes with higher margins, wrote analyst Tim Rokossa in his commentary following a roadshow on Tuesday./ag/gl

Publication of the original study: November 5, 2024 / Time not specified in study / CET First distribution of the original study: November 5, 2024 / 8:30 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.
October 28, 2024
Deutsche Bank Research maintains 'Buy' rating on Porsche AG

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Porsche AG at "Buy" with a price target of €85 following third-quarter figures. The sports car manufacturer achieved a double-digit margin in the third quarter and sent positive signals for the final quarter, wrote analyst Tim Rokossa in a report published Monday./mis/la

Publication of the original report: October 28, 2024 / 8:00 a.m. / CET

First distribution of the original report: Date not specified in report / Time not specified in report / 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.
October 25, 2024
Goldman maintains Porsche AG at 'Buy' - target 86 euros

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Porsche AG with a price target of €86. The third quarter met its expectations but fell short of the consensus estimate, analyst George Galliers wrote Friday evening. He expects a neutral price reaction./ag/zb

Publication of the original study: October 25, 2024 / 5:59 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.
October 25, 2024
Jefferies maintains 'Hold' rating on Porsche AG - Target 75 euros

NEW YORK (dpa-AFX Analyst) - Following the third-quarter results, analyst Jefferies maintained its rating for Porsche AG at "Hold" with a price target of €75. The sports car manufacturer had an uneventful three months, wrote analyst Philippe Houchois in an initial reaction on Friday. Operating profit (EBIT) was slightly disappointing. The investment expenditure was high.

Publication of the original study: October 25, 2024 / 3:17 p.m. / ET First distribution of the original study: October 25, 2024 / 3:17 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.
October 25, 2024
UBS maintains 'Buy' rating on Porsche AG - target 87 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Porsche AG following its third-quarter results, with a price target of €87. The sports car manufacturer slightly disappointed with its operating profit margin, analyst Patrick Hummel wrote in an initial reaction on Friday. Furthermore, the outlook for the coming year is "unpleasant." Market expectations for earnings per share in 2025 are likely to decline.

Publication of the original study: October 25, 2024 / 5:48 PM / GMT. First distribution of the original study: October 25, 2024 / 5:48 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.
October 25, 2024
JPMorgan maintains Porsche AG at 'Overweight' - target 110 euros

NEW YORK (dpa-AFX Analyst) - Following a conference call following the company's quarterly results, US bank JPMorgan maintained its rating for Porsche AG at "Overweight" with a price target of €110. The sports car manufacturer performed solidly despite a variety of challenges, analyst Jose Asumendi wrote in a report released Friday. He took the message from the call that the company intends to reduce its fixed cost base in order to operate at a lower delivery level. Porsche deliveries in China are unlikely to recover next year.

Publication of the original study: October 25, 2024 / 6:22 PM / BST First distribution of the original study: October 25, 2024 / 6:22 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.
October 18, 2024
JPMorgan maintains Porsche AG at 'Overweight' - target 110 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Porsche AG at "Overweight" with a price target of €110 following the sports car manufacturer's capital markets day. Analyst Jose Asumendi wrote in a report released Friday that Porsche offers a unique exposure to the luxury automobile segment and strong pricing power. This should enable the company to address challenges such as higher inflation costs, the transition to electromobility, and autonomous driving./edh/mis

Publication of the original study: October 18, 2024 / 11:40 a.m. / BST

First distribution of the original study: October 18, 2024 / / 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 15, 2024
Jefferies lowers target for Porsche AG to 75 euros - 'Hold'

NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has lowered its price target for Porsche AG from €85 to €75, but maintained its "Hold" rating. Several profit warnings from the auto industry have set the tone for the sector's third quarter and left little room for major surprises, analyst Philippe Houchois wrote in a sector outlook published Wednesday. In the current challenging environment, he favors shares of Volkswagen, Mercedes-Benz, and Renault. The expert reduced its earnings (EPS) forecasts for sports car manufacturer Porsche for 2024 and 2025 by up to 16 percent./edh/bek

Publication of the original study: October 15, 2024 / 6:14 p.m. / ET

First distribution of the original study: October 15, 2024 / 8:00 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.
October 15, 2024
Deutsche Bank maintains 'Buy' rating on Porsche AG - target 85 euros

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Porsche AG at "Buy" ahead of its quarterly results, with a price target of €85. Lower expected earnings and higher capital expenditures are likely to have weighed on the sports car manufacturer's liquidity development in the third quarter, analyst Tim Rokossa wrote in a study released Tuesday./edh/bek

Publication of the original study: October 15, 2024 / Time not specified in study / CET

First distribution of the original study: October 15, 2024 / 8:00 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), 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
Goldman lowers target for Porsche AG to 86 euros - 'Buy'

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Porsche AG from €93 to €86 ahead of its quarterly results, but maintained its "Buy" rating. The sports car manufacturer is likely to have had a challenging quarter, wrote analyst George Galliers in a report released Tuesday./edh/bek

Publication of the original report: October 15, 2024 / 5:01 a.m. / BST

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.
October 14, 2024
Deutsche Bank maintains 'Buy' rating on Porsche AG - target 85 euros

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Porsche AG at "Buy" with a price target of €85 ahead of third-quarter results. The decline in sales, cost inflation in the supply chain, and higher depreciation due to the launch of new models are likely to have weighed on the sports car manufacturer's profitability, analyst Tim Rokossa wrote in a study released Monday. However, higher sales in the final quarter of the year should lead to better coverage of fixed costs and thus to higher profitability.

Publication of the original study: October 14, 2024 / Time not specified in the study / CET. First distribution of the original study: October 14, 2024 / 12:21 / 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 11, 2024
JPMorgan maintains Porsche AG at 'Overweight' - target 110 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Porsche AG at "Overweight" ahead of earnings, with a price target of €110. Analyst Jose Asumendi wrote that he expects third-quarter sales to be largely unchanged compared to the same period last year and margins to decline due to seasonal factors, although these margins will also be impacted by some product changes. According to the study, released Friday, his main focus remains on the momentum Porsche is likely to gain through the market launch of new products. Asumendi particularly highlighted the global market launch of the battery-powered Macan and the cost-cutting measures the company intends to implement to offset the decline in sales in China./ck/he

Publication of the original study: October 11, 2024 / 5:42 PM / EDT. First distribution of the original study: October 11, 2024 / 5:42 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 6, 2024
UBS maintains 'Buy' rating on Porsche AG - target 87 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Porsche AG with a price target of €87. In an analysis published Monday, Patrick Hummel expects the outlook for the automotive industry to continue to deteriorate. Therefore, further profit warnings are likely in the sector. He has therefore reduced his earnings per share estimates for 2025 by an average of 15 to 20 percent. However, it generally appears that a lot has already been priced in. Sports car manufacturer Porsche remains the only car manufacturer, along with Ferrari, for which a trend toward profit growth is evident for 2025./tih/ag

Publication of the original study: October 6, 2024 / 7:29 PM / GMT

First distribution of the original study: October 6, 2024 / 7:29 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 26, 2024
Berenberg maintains 'Buy' rating on Porsche AG - target 83 euros

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg maintained its rating for Porsche AG at "Buy" after a conference call, with a price target of €83. 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 concern to the next. Concerns in China persist. 2025 is likely to be characterized by further restructuring measures, especially at Volkswagen./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 22, 2024
Barclays lowers target for Porsche AG to 70 euros - 'Equal Weight'

LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Porsche AG from €80 to €70, but maintained its rating at "Equal Weight." Analyst Henning Cosman lowered his estimates in his commentary published Monday in light of the profit warnings from BMW and Mercedes./ajx/ag

Publication of the original study: September 22, 2024 / 5:34 p.m. / GMT

First distribution of the original study: September 23, 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 13, 2024
UBS maintains 'Buy' rating on Porsche AG - target 87 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Porsche AG at "Buy" with a price target of €87. Following BMW's profit warning, is the market now too pessimistic about the German automaker's business in China? Analyst Patrick Hummel addressed this question in his industry commentary published on Friday. The expert is particularly optimistic about the premium segment, particularly due to greater pricing discipline and greater innovative strength. At Porsche AG, he had already taken more cautious expectations regarding China into account./ag/tih

Publication of the original study: September 13, 2024 / 3:09 a.m. / GMT

First distribution of the original study: September 13, 2024 / 3:09 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 9, 2024
Berenberg lowers target for Porsche AG to 83 euros - 'Buy'

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Porsche AG from €109 to €83, but maintained its "Buy" 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 vehicles is slowing sales. The expert also highlights regulatory risks related to CO2 emissions. At the same time, Gourvil praises the strong cash growth and the high proportion of new models in total sales./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 Porsche AG at 'Market Perform' - Target 82 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €82. 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 sales or market share in the first eight months of this year./ajx/ag/mis

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 Porsche AG at 'Market Perform' - Target 82 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €82. Analyst Stephen Reitman examined the question of how much importance younger generations still place on a driver's license in a study published Thursday. 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 maintains 'Buy' rating on Porsche AG - target 87 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Porsche AG with a price target of €87. 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 2, 2024
Bernstein maintains Porsche AG at 'Market Perform' - Target 82 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Porsche AG at "Market-Perform" with a price target of €82. In an industry study released Tuesday, a team of analysts led by Alexander Irving examined the highly complex supply chains in the automotive sector, which account for 15 percent of the profits of major logistics companies. The European Union is the "giant in the sector" and is currently undergoing a transition to electromobility. Rapidly rising logistics costs and the ever-present risk of disruptions have prompted some automakers to radically rethink their supply chains./tih/mis

Publication of the original study: September 2, 2024 / 8:35 p.m. / UTC

First distribution of the original study: September 3, 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.
August 28, 2024
UBS maintains 'Buy' rating on Porsche AG - target 87 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "Buy" rating on Porsche AG with a price target of €87. Earnings momentum in the automotive sector is likely to remain negative in the coming quarters, except for tire manufacturers, wrote analyst Patrick Hummel in an industry report published Wednesday. Despite the price declines, it is still too early for a more positive outlook. His preferred manufacturer, Mercedes-Benz, is favored by the combination of value and high cash distributions. Looking at earnings trends, Porsche AG and Stellantis have the best prospects for 2025, while the outlook for Volkswagen is the bleakest. Stellantis is one of his favorites, also due to the sharp drop in its share price./gl/lew

Publication of the original study: August 28, 2024 / 7:15 a.m. / GMT First distribution of the original study: August 28, 2024 / 7:15 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.

Price targets

Analyst ratings

Berenberg maintains Porsche AG on 'Hold' - Target 48 euros

JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

Bernstein lowers target for Porsche AG - 'Market Perform'

Warburg Research maintains Porsche AG on 'Hold' - Target 41 euros

UBS maintains 'Neutral' rating on Porsche AG - Target 45 euros

Jefferies lowers target for Porsche AG to 40 euros - 'Hold'

RBC maintains Porsche AG at 'Sector Perform' - Target €43

Jefferies maintains 'Hold' rating on Porsche AG - Target: €47

Berenberg maintains Porsche AG on 'Hold' - Target 48 euros

JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

RBC lowers target for Porsche AG to €43 - 'Sector Perform'

Warburg Research starts Porsche AG with 'Hold' - target 41 euros

JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

Deutsche Bank maintains 'Buy' rating on Porsche AG - target 55 euros

Bernstein lowers target for Porsche AG - 'Market Perform'

Berenberg maintains Porsche AG on 'Hold' - Target 48 euros

UBS raises target for Porsche AG to 45 euros - 'Neutral'

JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

UBS maintains 'Neutral' rating on Porsche AG - Target 41 euros

Jefferies maintains 'Hold' rating on Porsche AG - Target: €47

Bernstein maintains Porsche AG at 'Market Perform' - Target 47 euros

RBC maintains Porsche AG at 'Sector Perform' - Target €45

RBC maintains Porsche AG at 'Sector Perform' - Target €45

Deutsche Bank Research maintains 'Buy' rating on Porsche AG - target 55 euros

Jefferies maintains 'Hold' rating on Porsche AG - Target: €47

UBS maintains 'Neutral' rating on Porsche AG - Target 41 euros

RBC launches Porsche AG with 'Sector Perform' - Target 45 Euro

BofA lowers Porsche AG to 'underperform' and target to 37 euros

JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

Bernstein maintains Porsche AG at 'Market Perform' - Target 47 euros

Deutsche Bank Research maintains 'Buy' rating on Porsche AG

Bernstein maintains Porsche AG at 'Market Perform' - Target 47 euros

Deutsche Bank maintains 'Buy' rating on Porsche AG - target 55 euros

UBS lowers target for Porsche AG to 41 euros - 'Neutral'

Jefferies lowers target for Porsche AG to 47 euros - 'Hold'

Bernstein lowers Porsche AG target to 47 euros - 'Market Perform'

Berenberg lowers target for Porsche AG to 48 euros - 'Hold'

JPMorgan maintains Porsche AG at 'Overweight' - Target 64 euros

Bernstein maintains Porsche AG at 'Market Perform' - Target 57 euros

Jefferies maintains 'Hold' rating on Porsche AG - Target €49

UBS maintains 'Neutral' rating on Porsche AG - Target 45 euros

Bernstein maintains Porsche AG at 'Market Perform' - Target 57 euros

Jefferies maintains 'Hold' rating on Porsche AG - Target €49

Morgan Stanley lowers target for Porsche AG - 'Underweight'

UBS lowers target for Porsche AG to 45 euros - 'Neutral'

JPMorgan lowers target for Porsche AG to 78 euros - 'Overweight'

UBS maintains 'Neutral' rating on Porsche AG - Target 53 euros

Bernstein lowers target for Porsche AG to 57 euros; 'Market Perform'

Goldman maintains Porsche AG at 'Buy' - target 65 euros

Jefferies maintains 'Hold' rating on Porsche AG - Target 65 euros

UBS lowers target for Porsche AG to 53 euros - 'Neutral'

Bernstein maintains Porsche AG at 'Market Perform' - Target 64 euros

UBS maintains 'Neutral' rating on Porsche AG - Target 55 euros

JPMorgan maintains Porsche AG at 'Overweight' - target 110 euros

Bernstein maintains Porsche AG at 'Market Perform' - Target 64 euros

Goldman lowers target for Porsche AG to 65 euros - 'Buy'

Jefferies maintains 'Hold' rating on Porsche AG - Target 65 euros

Deutsche Bank Research lowers target for Porsche AG - 'Buy'

UBS lowers target for Porsche AG to 55 euros - 'Neutral'

UBS maintains 'Neutral' rating on Porsche AG - Target 61 euros

Berenberg lowers Porsche AG to 'Hold' - target 62 euros

Bernstein maintains Porsche AG at 'Market Perform' - Target 64 euros

Goldman maintains Porsche AG at 'Buy' - target 69 euros

JPMorgan maintains Porsche AG at 'Overweight' - target 110 euros

Goldman maintains Porsche AG at 'Buy' - target 69 euros

Goldman maintains Porsche AG at 'Buy' - target 69 euros

Bernstein maintains Porsche AG at 'Market Perform' - Target 64 euros

UBS maintains 'Neutral' rating on Porsche AG - Target 61 euros

Deutsche Bank maintains 'Buy' rating on Porsche AG - target 80 euros

Berenberg lowers target for Porsche AG to 75 euros - 'Buy'

Jefferies lowers target for Porsche AG to 65 euros - 'Hold'

Bernstein lowers target for Porsche AG - 'Market Perform'

UBS maintains 'Neutral' rating on Porsche AG - Target 61 euros

JPMorgan maintains Porsche AG at 'Overweight' - target 110 euros

Bernstein maintains Porsche AG at 'Market-Perform' - Target 74 euros

UBS downgrades Porsche AG to 'Neutral' - target down to 61 euros

Barclays upgrades Porsche AG to 'Overweight' - target 70 euros