UBS upgraded Porsche AG to Buy from Neutral on Monday.
The Swiss bank raised its price target by 50%. The new valuation moved from €40 to €60 per share. Analysts identified a visible multi-year turnaround fueled by an optimized product portfolio, improved execution, and a leaner cost structure.
Porsche shares rose over 3% in Frankfurt following the news. The stock traded near €48.3 during the session. This rally pushed the shares toward their annual high. The response reflects investor confidence despite a difficult macroeconomic climate.