UBS Upgrades Porsche AG to Buy, Raises Price Target

By EC Assets · Published

UBS has upgraded Porsche AG to a Buy rating. The Swiss investment bank also raised its price target for the German sports car maker. The new price target is €60, up from €40. UBS changed its recommendation from Neutral to Buy. The firm's assessment uses the phrase "The icon strikes back." Porsche AG is traded under the ticker ETR:P911_p. This article is intended for informational purposes only. It does not constitute investment advice.

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