Morgan Stanley Downgrades Bayerische Motoren Werke Aktiengesellschaft (BAMXF) to Hold


Bayerische Motoren Werke Aktiengesellschaft (BAMXF) received a Hold rating and a EUR66.00 price target from Morgan Stanley analyst Harald Hendrikse today. The company’s shares closed last Friday at $86.90, close to its 52-week high of $88.40.

Hendrikse has an average return of 24.1% when recommending Bayerische Motoren Werke Aktiengesellschaft.

According to TipRanks.com, Hendrikse is ranked #5968 out of 7103 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bayerische Motoren Werke Aktiengesellschaft with a $86.23 average price target, a -1.6% downside from current levels. In a report issued on November 10, Citigroup also maintained a Hold rating on the stock with a EUR75.00 price target.

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The company has a one-year high of $88.40 and a one-year low of $39.90. Currently, Bayerische Motoren Werke Aktiengesellschaft has an average volume of 1,045.

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Bayerische Motoren Werke AG engages in the manufacture and sale of automobiles and motorcycles. It operates through the following business segments: Automotive, Motorcycles, Financial Services, and Other Entities. The Automotive segment develops, manufactures, assembles, and sells cars and off-road vehicles, under the following brands: BMW, MINI, and Rolls-Royce, as well as spare parts and accessories. The Motorcycles segment focuses on the premium segment. The Financial Services segment offers credit financing, leasing and other services to retail customers. The Other Entities segment includes holding and group financing activities. The company was founded on March 6, 1916 and is headquartered in Munich, Germany.

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