Deutsche Bank reduced its 12-month price target for Bayerische Motoren Werke (BMW) from €90 to €78. The bank maintained its "Buy" rating on the stock. Analyst Tim Rokossa made this adjustment.
BMW prepares for its Capital Markets Day on September 29-30. Analysts express mixed views on BMW's outlook ahead of the event.
Concerns include deteriorating business in China, rising costs, and pressure on automotive profit margins. Investors await management's plans to address these challenges and restore confidence in the company's financial performance.