Upgrades Porsche To Strong Buy
ValuEngine | Aug 29, 2017 02:38AM ET
For today's bulletin, we take a look at one of our top-ranked STRONG BUY upgrades for the day, Porsche Automobile Holding SE (OTC:POAHY). Porsche is a Germany-based holding company engaged in the automobile manufacture industry. The Company is engaged in the holding and managing of its investments in Volkswagen (DE:VOWG_p) AG, through which the Company manages twelve motor brands from seven European countries: Volkswagen Passenger Cars, Audi AG (DE:NSUG), SEAT, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. In addition, the Company is also active in parts distribution, after sales and invests in the automotive value chain, this comprises the spectrum of basic technologies geared to supporting the development and production process through to vehicle- and mobility-related services. The Company operates one wholly owned subsidiary, Porsche Beteiligung GmbH, and one majority owned subsidiary, Volkswagen AG.
Keep in mind that this company/ticker is for the ADR for the US. And, the firm is in a complicated organizational structure tied to Volkswagen and all of its inherent "defeat device" related drama and financial complications. Porsche itself has been implicated in this emissions scandal and faces continuing legal issues. They are also involved in a lawsuit dealing with violations of the US federal antitrust laws. Below is our latest data for Porsche Automobile Holdings ADR (POAHY):
ValuEngine updated its recommendation from BUY to STRONG BUY for Porsche Automobile Holdings ADR on 2017-08-25. Based on the information we have gathered and our resulting research, we feel that Porsche Automobile Holdings ADR has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE P/E Ratio and Company Size.
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