Jefferies Starts Volkswagen AG (VLKAY) at Underperform

August 9, 2016 7:16 AM EDT
Get Alerts VLKAY Hot Sheet
Price: $27.18 -0.18%

Rating Summary:
    1 Buy, 0 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Jefferies initiates coverage on Volkswagen AG (OTC: VLKAY) with a Underperform rating, €100 PT.

Analyst Philippe Houchois commented, "We initiate coverage of VW Pref shares with an Underperform rating and a DCF/SOP-based price target of €100. We are concerned about capital intensity at VW, past and future. Our upside/downside scenarios range from €200 to €80."

For an analyst ratings summary and ratings history on Volkswagen AG click here. For more ratings news on Volkswagen AG click here.

Shares of Volkswagen AG closed at $28.94 yesterday.

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