Report
Mahle : Vulnerable again
Mahle was a major disappointment in H1 2024, underperforming peers at a time when the auto industry was less depressed than it is today. Despite some progress, the group still has many structural weaknesses, which makes it particularly vulnerable in the current environment. We are downgrading our forecasts for 2024 and 2025, as well as our recommendation to Reduce on both bonds (vs Buy 2028 and Neutral 2031). - The 2028 and 2031 bonds are among the cheapest in the sector. The yield...
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Joan Sehim
Other Reports from Oddo BHF
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.