Deutsche Bank: BMW lowers expectations more than expected.

Deutsche Bank analyst Tim Rokossa wrote that the market had originally expected BMW to adjust its expectations, but the extent of the downward revision exceeded expectations. Rokossa pointed out that the stock has recently performed poorly, and the company has cancelled a long-planned CEO and investor meeting. Deutsche Bank stated that there are now more questions than answers, and the investor update meeting in the US at the end of June and the second quarter earnings at the end of July may not provide more details. The bank lowered its target price for the stock from 100 euros to 90 euros and maintained a buy rating.