BMW: Stifel maintains his opinion on the title


(CercleFinance.com) – Stifel keeps its Hold rating and its price target of 108E on the BMW share.

‘Sales momentum is strong, especially with the recovery in China’, notes the analyst before emphasizing the profitability of BEVs ‘which exceeds BMW’s internal planning’.

This ‘strong’ balance sheet allows BMW ‘to pay a high dividend, buy back more shares and invest in future products at the same time’, adds Stifel.

And to argue: ‘In times of rising refinancing costs, this strong balance sheet of BMW should be a competitive advantage.’

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