NEW YORK (dpa-AFX Broker) - Analyst firm Jefferies has upgraded its rating for BMW to "Buy" with a target price of 110 euros after the figures for the financial year 2023. Although the operating result (EBIT) at Group level in the fourth quarter exceeded the consensus estimate by 11 percent, analyst Philippe Houchois wrote in an initial reaction on Thursday. However, the company's EBIT in the automotive business was weaker than expected. Free cash flow in this area, on the other hand, was well above market expectations./bek/la

Publication of the original study: 14.03.2024 / 09:39 / ET First distribution of the original study: 14.03.2024 / 09:39 / ET

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