NEW YORK (dpa-AFX) - The analyst firm Jefferies is changing its favorites among the German premium carmakers: Analyst Philippe Houchois upgrades the shares of BMW from "Hold" to "Buy" and raises the price target from 80 to 85 euros. Meanwhile, he removed the "buy" recommendation for Mercedes Benz in his reassessment published on Friday. The Munich-based company's spending has reached a high point this year, while the Stuttgart-based company must first reposition itself and raise funds. Cash returns have been the highlight of Mercdes' investment story. Now the cash flow will be more in line with BMW again./ag/gl

Publication of the original study: 05.12.2024 / 18:10 / ET First distribution of the original study: 05.12.2024 / 19:00 / ET

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