FRANKFURT (dpa-AFX Broker) - Investment bank Stifel upgraded Volkswagen to "buy" from "hold" and left its price target at 149 euros. Analyst Daniel Schwarz expects better news from the Wolfsburg-based company, such as details on the cost initiative in October or November, according to a report available Friday. But VW remains a risky recommendation for now, he said, given tepid orders in the short term and long-term challenges. Sentiment is already down, however, Schwarz said./ag/mis

Publication of the original study: 21.09.2023 / 16:56 / EDT

First disclosure of the original study: 22.09.2023 / 01:00 / EDT

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