Bayerische Motoren Werke (BAMXF) Stock Rating Lowered by Zacks Investment Research

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

BAMXF has been the topic of several other reports. Kepler Capital Markets set a $63.00 price target on Bayerische Motoren Werke and gave the stock a “sell” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. set a $60.00 price target on Bayerische Motoren Werke and gave the stock a “sell” rating in a research note on Monday, April 8th. Barclays reaffirmed a “buy” rating on shares of Bayerische Motoren Werke in a research note on Friday, March 22nd. Bank of America reaffirmed a “hold” rating and issued a $76.00 price target on shares of Bayerische Motoren Werke in a research note on Wednesday, May 15th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Bayerische Motoren Werke in a research note on Friday, March 22nd. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $72.29.

BAMXF stock traded down $1.35 during midday trading on Thursday, hitting $69.95. The stock had a trading volume of 640 shares, compared to its average volume of 4,040. Bayerische Motoren Werke has a 52-week low of $69.95 and a 52-week high of $103.01.

About Bayerische Motoren Werke

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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