Kepler Equities reportedly raised its price target for Volkswagen AG to €42 from €38 on Friday, citing prospects that cost cuts will boost earnings at Europe’s biggest car maker.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


“While we slightly adjust our 2005 estimates downwards for currency reasons and lower China profits, we have increasing confidence in a sharp rebound to follow as a result of increasing cost-cutting efforts during the year,” it said in a note to clients cited by the Reuters news agency.


It reportedly said it thought VW could chop up to €4 billion ($US5.21 billion) from costs even after completing its current ForMotion efficiency drive.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now