Deutsche Bank: BMW’s downward revision exceeds expectations

Glonghui, June 17 — According to Deutsche Bank analyst Tim Rokossa, the market had expected BMW to revise its outlook, but the extent of the downgrade exceeded expectations. Rokossa pointed out that the stock has recently underperformed and the company canceled its long-planned CEO and investor meeting. Deutsche Bank stated that there are currently more questions than answers, and the investor update meeting in the US at the end of June, as well as the second quarter results at the end of July, may not provide further details. The bank lowered its target price for the stock from 100 euros to 90 euros and maintained a Buy rating.