1243 GMT - Porsche SE offers a basket of Volkswagen and Porsche AG at an attractive discount, with an attractive yield and dividend upside, Bank of American Securities writes. Porsche SE shares are down 23% year-to-date, reflecting the decline in its core Volkswagen holding, in which it owns a 53.1% stake. The bank says Porsche SE is the cheapest auto stock in Europe, and its view on Volkswagen remains positive. In addition, the bank expects the Porsche SE to continue paying a decent dividend despite expecting around 200 million euros a year of debt reduction. "We think the dividend could have upside if VW sells assets and realizes book gains." BofA lowers its price objective on the stock to 38 euros from 45 euros and keeps buy rating. Shares rise 1.3% to 30.97 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

June 08, 2026 08:43 ET (12:43 GMT)

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