(News Bulletin 247) – Jefferies initiated monitoring of the Porsche stock on Friday with a ‘hold’ recommendation and a price target set at 95 euros.
In a research note, the financial intermediary explains that the ‘attractive’ positioning of the IPO price, combined with the recent integration of the stock on several benchmark indices, have enabled the stock to generate an upside potential that he now feels exhausted.
“The acceleration of the conversion to electric vehicles is not without risk and we consider that the financial year 2022 could mark a high of short term as regards profits”, he warns.
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