BMW: Stifel reduces its target price for the stock

(CercleFinance.com) - Stifel maintains its 'hold' recommendation on BMW shares, with a price target lowered from €95 to €84.


Yesterday, the automaker reported a cash burn of around €2.5 billion in Q3, with EBIT margin still below expectations, and strong R&D capitalization.

' Donald Trump's election makes new tariffs more likely, which would negatively affect BMW. All these factors have contributed to a negative reaction on the share price', analyzes the broker.

Against this backdrop, Stifel has lowered its EPS forecasts for 2024 (-24%) and 2025 (-23%).

The analyst says he remains cautious for the time being, believing that FCF forecasts seem 'very ambitious' and pointing out that his estimates for 2025 are 14% below consensus.


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