Zacks Investment Research upgraded shares of Bayer Motoren Werk (OTCMKTS:BAMXF) from a hold rating to a buy rating in a research note released on Thursday. The brokerage currently has $117.00 target price on the stock.
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 subject of a number of other reports. DZ Bank reissued a buy rating on shares of Bayer Motoren Werk in a research report on Friday, November 24th. ValuEngine cut shares of Bayer Motoren Werk from a strong-buy rating to a buy rating in a research report on Thursday, March 1st.
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About Bayer Motoren Werk
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells cars 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 cars and off-road vehicles under the BMW, MINI, and Rolls-Royce brand names; and spare parts and accessories, as well as provides mobility services.
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