Volkswagen : UBS raises target price to 210 euros.
(CercleFinance.com) - UBS has raised its target price on Volkswagen from 180 euros to 210 euros, seeing the German carmaker mutate into a "cash flow monster".
The brokerage firm - which maintains a "buy" rating on the shares - explained in a research note that free cash clow could represent 2/3 of the group's market value by 2020.
In addition, the stock is still the broker's "top pick."
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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.
The brokerage firm - which maintains a "buy" rating on the shares - explained in a research note that free cash clow could represent 2/3 of the group's market value by 2020.
In addition, the stock is still the broker's "top pick."
Copyright (c) 2017 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.