Marek Ślusarczyk
They mentioned that carmakers could be supported by the decrease in interest rates in major global economies and the significant economic stimulus introduced by Chinese authorities.
European car brands in China have already experienced structural challenges considered in current quotes and their shares have significant potential for growth, they stated.
The analysts noted that the global trend towards lower rates and Chinese stimulus is leading towards a soft landing, with the path of least resistance going upwards.
Mercedes relies the most on the Chinese market compared to other European car manufacturers, with China making up 33 percent of the company's sales in the first half of 2024. BMW has a percentage of 27, while Porsche has 18 percent.
Analysts upgraded their rating for BMW shares to 'at market level'. Simultaneously, they demoted Mercedes and Stellantis to the 'at market level' category, down from 'above market', and moved Porsche to 'below market'.
source: marketwatch.com
European car brands in China have already experienced structural challenges considered in current quotes and their shares have significant potential for growth, they stated.
The analysts noted that the global trend towards lower rates and Chinese stimulus is leading towards a soft landing, with the path of least resistance going upwards.
Mercedes relies the most on the Chinese market compared to other European car manufacturers, with China making up 33 percent of the company's sales in the first half of 2024. BMW has a percentage of 27, while Porsche has 18 percent.
Analysts upgraded their rating for BMW shares to 'at market level'. Simultaneously, they demoted Mercedes and Stellantis to the 'at market level' category, down from 'above market', and moved Porsche to 'below market'.
source: marketwatch.com
