Morgan Stanley upgraded Volkswagen (VWAGY) to Equal Weight from Underweight with a price target of EUR 94, up from EUR 86. The firm expects a cyclical trough by mid-2025 for the European car makers. The auto tariff scenario would move margins lower for longer, the analyst tells investors in a research note. Its sector view remains In-Line.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VWAGY:
- Trump Trade: Auto makers exempt from some U.S. tariffs
- Volkswagen, Uber launch partnership to deploy ID. Buzz AD vehicles on platform
- Trump to exempt auto makers from some U.S. tariffs, FT says
- Automotive brands to showcase new models at Shanghai auto show, Reuters says
- Ford, GM rise after Trump says looking to help car companies