Zacks Investment Research Downgrades Bayerische Motoren Werke (BAMXF) to Sell

Bayerische Motoren Werke (OTCMKTS:BAMXF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “BAYERISCHE MOTOREN WERKE AG is a multi-brand automobile manufacturer that focuses on the premium segments of the worldwide automobile and motorcycle markets. It has three brands: BMW, MINI and Rolls-Royce. The Company’s BMW automobile range includes the 1 Series, a sports hatchback; the 3 Series, including sedan, touring, coupe and convertible models; the 5 Series, available in sedan and touring models; the 6 Series, available as a coupe or convertible; the 7 Series large sedan; the Z4 roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models, such as M3, M5 and M6. A variety of motorcycles are also available under the BMW brand. “

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group restated a “hold” rating and issued a $75.00 price target on shares of Bayerische Motoren Werke in a report on Tuesday, May 7th. Bank of America restated a “hold” rating and issued a $76.00 price target on shares of Bayerische Motoren Werke in a report on Wednesday, May 15th. DZ Bank restated a “buy” rating on shares of Bayerische Motoren Werke in a report on Thursday, May 16th. UBS Group restated a “hold” rating and issued a $74.00 price target on shares of Bayerische Motoren Werke in a report on Wednesday. Finally, Sanford C. Bernstein restated a “hold” rating and issued a $85.00 price target on shares of Bayerische Motoren Werke in a report on Tuesday, May 7th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $72.29.

Shares of Bayerische Motoren Werke stock opened at $71.34 on Thursday. Bayerische Motoren Werke has a 1 year low of $69.95 and a 1 year high of $102.35.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.

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Analyst Recommendations for Bayerische Motoren Werke (OTCMKTS:BAMXF)

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