FRANKFURT (dpa-AFX Broker) - Shares of Auto1 saw a marked recovery from their recent weakness on Friday.
The stock jumped 5.7 percent to just over 29 euros, securing the top spot in the MDax index of mid-cap stocks and bringing the shares back toward the 21-day moving average, which signals the short-term trend.
U.S. bank JPMorgan raised its price target for the online used car dealer from 42 to 50 euros, adding a "Positive Catalyst Watch" note.
Analyst Marcus Diebel thus expects positive news when the company releases its financial figures in February./ajx/zb
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