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VLKAY

Volkswagen

$27.33

-0.285 (-1.03%)

11:54
12/01/16
12/01
11:54
12/01/16
11:54

VW Truck & Bus to invest roughly EUR420M in Brazil

Volkswagen Truck & Bus' Brazilian commercial vehicle brand is set to invest roughly EUR420M over the next five years into the steady renewal of its product portfolio, modernization of its plant in Resende, and the development of its connectivity services. Andreas Renschler, CEO of Volkswagen Truck & Bus and the member of the Board of Management of Volkswagen AG responsible for commercial vehicle activities, spoke about the reasons behind the investment, saying: "We believe - despite the current market situation - that Brazil is an important market for trucks and buses. It has always been a key market for the German industry and it will be again. I am confident that the Brazilian economy has bottomed out and will recover again in the next few years. In order to be prepared for this, we are now taking money into our hands to be able to continue to offer excellent products and state-of-the-art production. The entire Latin America region plays a major role in our growth strategy." Reference Link

  • 06

    Dec

  • 10

    Jan

VLKAY Volkswagen
$27.33

-0.285 (-1.03%)

09/09/16
GSCO
09/09/16
UPGRADE
Target $20
GSCO
Neutral
Navistar upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Jerry Revich upgraded Navistar International (NAV) to Neutral saying liquidity risk is "meaningfully reduced" with the capital injection from Volkswagen (VLKAY). Revich raised his price target for the shares to $20 from $2. He believes the near-term risk/reward for the stock is balanced.
09/09/16
WELS
09/09/16
NO CHANGE
WELS
Navistar 'making progress' on turnaround, says Wells Fargo
After Navistar reported weaker than expected results but reiterated its full-year guidance, Wells Fargo says that "some" of Navistar's "more severe risks appear to be fading." The firm says that Navistar's deal with Volkswagen (VLKAY) will reduce its liquidity risk, but Wells thinks that Navistar's end market continues to be "weak." The firm raised its price target range on the stock to $17-$20 from $11-$14 but keeps a Market Perform rating on the shares.
11/22/16
BREN
11/22/16
INITIATION
BREN
Sell
Volkswagen reinitiated with a Sell at Berenberg
Price target EUR 98.
11/22/16
GSCO
11/22/16
UPGRADE
GSCO
Buy
Volkswagen upgraded to Buy from Sell at Goldman
Goldman Sachs analyst Stefan Burgstaller double upgraded Volkswagen to Buy from Sell.

TODAY'S FREE FLY STORIES

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RDUS

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WDC

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VIX

Volatility Index S&P 500 Options

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CLDR

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NVS

Novartis

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SWKS

Skyworks

$104.20

1.23 (1.19%)

, SSNLF

Samsung

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RDUS

Radius Health

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Reference Link

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ORLY

O'Reilly Automotive

$257.19

-7.88 (-2.97%)

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MHK

Mohawk

$229.91

-8.97 (-3.76%)

10:01
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CL

Colgate-Palmolive

$72.10

-1.2 (-1.64%)

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Call buyer in Colgate as shares fall on earnings »

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EEX

Emerald Expositions Events

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IVC

Invacare

$14.85

1.6 (12.08%)

09:59
04/28/17
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Upgrade
Invacare rating change  »

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CVNA

Carvana

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EFX

Equifax

$134.84

-1.35 (-0.99%)

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EEX

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CSGP

CoStar Group

$236.71

17.35 (7.91%)

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BOKF

BOK Financial

$85.04

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OCLR

Oclaro

$7.93

0.01 (0.13%)

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BSX

Boston Scientific

$26.16

-0.02 (-0.08%)

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EEX

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ZYME

Zymeworks

09:49
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