NEW YORK (dpa-AFX Broker) - The analyst firm Jefferies has downgraded BMW from "Buy" to "Hold" and left the target price at 110 euros. None of the classic carmakers has mastered the change in the industry better than BMW so far, wrote analyst Philippe Houchois in a study published on Wednesday. The so-called "New Class" will herald the Group's third generation of electric vehicles next year, while most competitors are still working on their second. However, the share is already pricing in the full distribution of the cash inflow, which is not the case with competitor Mercedes-Benz./gl/zb

Publication of the original study: 26.03.2024 / 19:55 / ET First dissemination of the original study: 26.03.2024 / 20:00 / ET

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