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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