BMW: up sharply after Jefferies analysis

(CercleFinance.com) - The share price is up over 2%, benefiting from a positive analysis by Jefferies.
The analyst has raised his recommendation on BMW Group from 'hold' to 'buy', with a price target raised from 6% to 85 euros, in a sector note that sees him symmetrically downgrade his position on his peer Mercedes-Benz Group.

The broker thus changes its preference among premium carmakers, based on an assessment of BMW's lower risk profile, 'from growth to customs duties, CO2 compliance and strategic stability'.

'BMW's peak in capital expenditure this year could justify a premium over a Mercedes-Benz facing repositioning and reinvestment', adds Jefferies.

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