Nokia deploys 5G network in Singapore with Antina BFM.svg - BMW: progress by 1%, a broker revises his opinion - BFM Bourse

(CercleFinance.com) – BMW gains 1% in Frankfurt, supported by an analysis by AlphaValue which today raised its recommendation on the title, from ‘lighten’ to ‘accumulate’, with a price target raised to 77 , 3 to 95.5 euros.

In a research note, the Parisian research office notes that the German manufacturer has started the year well by revealing ‘solid’ preliminary figures for the first quarter.

‘As at Daimler, the same engines are at work: high sales in China and a favorable mix / price effect against a backdrop of rising demand for high-end and luxury SUVs, which generate solid margins’, argues AlphaValue.

For the independent firm, these encouraging figures could herald an increase in annual objectives in the coming months, the margin of 9.8% released over the first three months of the year being well above the objective of 6% to 8%. communicated by the group.

Unless the group prefers to keep cautious forecasts, tempers AlphaValue, an approach that can be justified in view of the contrary elements which currently weigh on the sector.

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