Bayerische Motoren Werke AG (OTCMKTS:BAMXF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday, July 6th. The brokerage currently has a $107.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.89% from the stock’s current price.

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. “

Shares of Bayerische Motoren Werke AG (BAMXF) traded up 1.70% during midday trading on Thursday, reaching $95.55. 6,692 shares of the company’s stock traded hands. The firm has a market cap of $62.79 billion, a PE ratio of 7.32 and a beta of 1.52. Bayerische Motoren Werke AG has a 12 month low of $81.27 and a 12 month high of $98.89. The stock has a 50-day moving average price of $93.83 and a 200 day moving average price of $92.62.

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