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Major Bank Ratings | Goldman Sachs: Lowers BMW's target price to 84 euros, maintains "Buy" ratingGolden Ten Data June 18｜On Tuesday, BMW significantly lowered its 2026 performance guidance, citing weak demand in the Chinese market and restructuring provisions for its European operations. BMW reduced its automotive business EBIT margin forecast by 300 basis points and cut its automotive business free cash flow forecast by 2 billion euros. Dragged down by this news, BMW's share price plunged over 8% in a single day, reaching its lowest level in nearly six years. However, the Goldman Sachs analyst team pointed out that despite the seemingly negative news, they believe the share price drop is an overreaction. Goldman Sachs lowered BMW's target price from 107 euros to 84 euros, but maintained a "buy" rating.
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According to Mysteel, bearish sentiment in the market has continued to intensify recently, with trading activity in the industry turning sluggish. Due to a combination of factors such as weak end-user demand, adverse weather, and negative market sentiment, egg prices have fallen rapidly, with a weekly drop of 7.57%. Market inventories have gradually accumulated, highlighting the pressure on the overall market trend.It is expected that the egg market will continue its weak performance in late June, with prices likely to keep declining. A rebound in egg prices may only occur once the market sees bottom-fishing and concentrated stockpiling activities.
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The Federal Reserve Board proposes requiring certain payment stablecoin issuers to establish customer identification programsThe Federal Reserve Board has proposed requiring certain payment stablecoin issuers to establish effective customer identification programs. The proposal mandates stablecoin issuers to implement customer identification requirements comparable to those imposed on banks and credit unions. This proposal was jointly issued by the Federal Reserve Board and four other agencies. The public may submit comments within 60 days after the proposal is published in the Federal Register.
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According to Mysteel, bearish sentiment in the market has continued to intensify recently, with trading activity in the industry turning sluggish. Due to a combination of factors such as weak end-user demand, adverse weather, and negative market sentiment, egg prices have fallen rapidly, with a weekly drop of 7.57%. Market inventories have gradually accumulated, highlighting the pressure on the overall market trend.
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