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Investing.com - Deutsche Bank (ETR:DBKGn) downgraded Forvia SE (EPA:FRVIA) from Buy to Hold while raising its price target to EUR11.00 from EUR10.00 following strong H1 2025 results.
The European auto parts supplier reported better-than-expected earnings and cash performance in the first half of 2025, prompting Deutsche Bank to increase its earnings forecasts and net cash projections.
Despite the positive results and confirmed guidance from Forvia, Deutsche Bank cited the recent significant rally of approximately 30% in the share price as the primary reason for the downgrade, noting the stock has now reached its target price.
The bank believes the next major catalysts for Forvia will be significant asset disposals, which could drive further upside but are likely only to materialize in 2026.
Forvia has rescheduled its Capital Markets Day to February 2026, where Deutsche Bank expects the company to present an updated strategy on core assets and product groups, along with plans to further improve its balance sheet, earnings, and cash quality.
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