Volkswagen "neutral," target price raised

16.11.06 - J.P. Morgan Securities

LONDON, November 16 (newratings.com) - Analysts at JP Morgan maintain their "neutral" rating on Volkswagen (VOW3). The target price has been raised from ?65 to ?85.

In a research note published this morning, the analysts mention that Porsche?s interest in acquiring Volkswagen is likely to lend support to the company?s share price, despite the departure of VW brand CEO Dr Bernhard. A bid for Volkswagen is likely, the analysts add.