Volkswagen (VLKAY) Rating Increased to Buy at Zacks Investment Research
Volkswagen (OTCMKTS:VLKAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The firm currently has a $45.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 4.17% from the company’s previous close.
According to Zacks, “VOLKSWAGEN-ADR is the largest automobile manufacturer in Europe. Their activities focus on the automotive market and they offer products and services along the entire automotive value chain. With nine independent brands, they are able to offer a unique range of models from the extremely efficient 3-litre car to the great sporting tradition of Bentley. While each of the brands has a distinct personality, it also benefits from its membership of the Volkswagen Group with its global manufacturing base “
A number of other analysts also recently issued reports on the stock. Sanford C. Bernstein restated a “market perform” rating on shares of Volkswagen in a report on Wednesday, September 20th. Credit Suisse Group assumed coverage on shares of Volkswagen in a report on Wednesday, October 18th. They set an “outperform” rating for the company. Societe Generale upgraded shares of Volkswagen from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Finally, Deutsche Bank upgraded shares of Volkswagen from a “hold” rating to a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Volkswagen currently has a consensus rating of “Buy” and an average price target of $45.00.
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Volkswagen Company Profile
Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.
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