Porsche: Jefferies starts monitoring with 'hold' rating

(CercleFinance.com) - Jefferies has begun to cover Porsche shares on Friday with a "hold" rating and a target price of 95 euros.


In a report, the broker explains that the "attractive" positioning of the IPO price, combined with the stock's recent integration into several benchmark indices, have enabled it to generate a bullish potential... which it now believes has been exhausted.

The acceleration in the conversion to electric vehicles is not without risk, analysts note, and they see fiscal 2022 as a potential short-term peak for earnings.


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