Berenberg upgrades BMW to Buy, raises target amid model momentum
Berenberg analysts Romain Gourvil and Tommy Whitfield upgraded BMW from hold to buy and raised their price target to 75 euros from 69 euros, citing momentum from new models that offsets challenges in China.
BMW’s new model lineup is helping offset a difficult China market, Berenberg’s Romain Gourvil and Tommy Whitfield said as they upgraded the stock to Buy from Hold. They raised the target to 75 euros from 69 euros. The analysts had downgraded the stock in January because they believed it…