BMW: Oddo raises target price
(CercleFinance.com) - Oddo maintains its "neutral" rating on BMW shares, while raising its target price from 90 euros to 95 euros.
While the car maker already presented its preliminary results on 9 March, the focus of yesterday's publication was essentially on its outlook for 2023.
The group remains confident, guiding on an overall stable or even growing operating margin in 2023 (range of 8% to 10% vs. 7% to 9% guided in 2022).
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
While the car maker already presented its preliminary results on 9 March, the focus of yesterday's publication was essentially on its outlook for 2023.
The group remains confident, guiding on an overall stable or even growing operating margin in 2023 (range of 8% to 10% vs. 7% to 9% guided in 2022).
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.