Porsche just upgraded at HSBC, here’s why

HSBC analyst Michael Tyndall upgraded Porsche to Buy from Hold with a price target of EUR 100, down from EUR 110. The stock’s valuation looks attractive after the recent price correction, the analyst tells investors in a research note. The market seems focused on negatives of China and pricing, but underappreciating Porsche’s model momentum and historical pricing power, the analyst tells investors in a research note.