Aumovio upgraded to Hold from Underperform at Jefferies

Jefferies upgraded Aumovio (AMVIF) to Hold from Underperform with a price target of EUR 43.20, up from EUR 36.20. The firm continues to see targets as overly ambitious and remains concerned over competitive risk but also recognizes the scope for the stock’s re-rating as any margin progress is made as well as given the stock’s valuation discount to peers, the analyst tells investors in a research note.