Porsche (POAHY), the majority shareholder of Volkswagen (VWAGY), is not planning to sell Volkswagen shares, Reuters reports. The news comes after a newspaper report stating it was weighing such a move.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on POAHY:
- Porsche price target lowered to EUR 93 from EUR 110 at JPMorgan
- Automakers to include unique driving styles in self-driving cars, WSJ says
- Porsche price target lowered to EUR 72 from EUR 82 at Citi
- Porsche upgraded to Hold from Reduce at HSBC
- Porsche especially vulnerable to potential tariff in U.S., Bloomberg reports