Analyst: BMW's stock price is expected to drop significantly after issuing a profit warning

Glonghui, June 17 | Royal Bank of Canada Capital Markets analyst Tom Narayan wrote that after BMW lowered its expectations and warned that the visibility of business improvement is limited, the automaker's stock price is expected to fall sharply this morning. He added that although BMW is expanding its cost-cutting plans, the related restructuring expenses will bring additional one-off negative impacts in the second half of the year.