Goldman downgrades BMW to Neutral price target lowered to 109 euros MarketScreener

NEW YORK (dpa-AFX Broker) – U.S. investment bank Goldman Sachs downgraded BMW to “neutral” from “buy” and cut its price target to 109 euros from 113 euros. Looking at battery-powered cars, there is little evidence so far of industry-leading products in terms of overall powertrain efficiency, analyst George Galliers wrote in a report on European automakers available Thursday. At best, overall powertrain efficiency matches Tesla’s, he said. Galliers sees European market share at risk. Over the next decade, Tesla and Chinese manufacturers are likely to capture market share in Europe./ck/ajx Publication of the original study: 06.04.2023 / 06:02 / BST…