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BMW: Credit Suisse a buyer again; targets 126 euros.

(CercleFinance.com) - In a sector report, Credit Suisse has reviewed its opinions and ratings on European carmakers.

In particular, analysts have resumed their coverage of the German BMW group with a buy rating ("outperform"), coupled with a target price of 126 euros.

Credit Suisse has taken the opposite view to the consensus, by saying that new technologies (electric and autonomous vehicles) will reduce the capital intensity of car manufacturers by transferring motorisation issues to component manufacturers instead.

In this context, Credit Suisse still considers BMW to be the "best pupil" in its class, focusing on the most profitable market segments, coupled with a rejuvenated model range.

In spite of everything, the BMW share remains one of the most poorly regarded in its sector, with analysts doubting - a bit like they did with Daimler in 2012 - its products, designs, technology and the strategy of its management.

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