Bernstein ups Aumovio to 'outperform' on earnings, cash flow potential
BUZZ-Bernstein ups Aumovio to 'outperform' on earnings, cash flow potential ** Bernstein raises Aumovio AMV0n.DE to "outperform" from "market-perform", saying it sees the German auto supplier's Q2 results, reported last week, as a "clearing event" for the stock
** Bernstein points to earnings upside from self-help measures and scope for a valuation re-rating supported by solid free cash flow generation and a very strong balance sheet
** Even with no revenue growth, the brokerage says the non-repeat of this year's BMW settlement and R&D savings should lift 2027 EBIT to nearly €900 million ($1.04 billion), above consensus, generating more than €450 million of free cash flow
** Out of 10 analysts that cover Aumovio, eight rate the stock "strong buy" or "buy" and two "hold" - LSEG data
** The shares, which fell 4.4% on Thursday after Aumovio said a dividend payment for 2026 was unlikely, are up 3.2% at 0844 GMT
($1 = 0.8649 euros)
(Reporting by Anastasiia Kozlova)