(CercleFinance.com) – Volkswagen lost almost 4% in Frankfurt, weighed down by comments from UBS which downgraded its recommendation from ‘neutral’ to ‘sell’, with a price target reduced from 135 to 100 euros on the share price. Car manufacturer.
“We expect half of earnings to be at risk by 2025, as the impact of Chinese competition and cyclical headwinds increases,” the broker warns in its note summary.
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