Analyst: Dump BMW!

While other carmakers are treading water or worse, BMW's global sales were up 9.1 percent for the first five months of the year, mostly on strong gains in China. That party is about to end, claims Citi Investment Research and downgraded BMW AG  from "buy" to "neutral," Reuters reports. In the euphemistic world of stock analysts, a "neutral" usually means a sell. "It would seem the emerging markets story driving BMW's share price is finished for now," Citi analysts wrote in a research note. In its home market Europe, BMW's growth is arrested. EU sales were down 5.9 percent in May, and are down 1 percent in the first five month of the year. Citi figures that the growth elsewhere can no longer make up for the widening decreases at home. Other experts think the bearish sentiments are bull. Nissan's CEO Carlos Ghosn today warned against counting China out. It is true that growth slows in China, however, "the smaller growth in China still exceeds the growth elsewhere." from The Truth About Cars http://www.thetruthaboutcars.com

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