BMW Shares Slide to Multi-Year Low After Company Cuts 2026 Guidance; Goldman Calls Initial Drop an Overreaction
BMW revised its 2026 outlook in an unscheduled update on June 16, reducing its Auto EBIT margin forecast by 300 basis points and lowering expected Auto free cash flow by €2 billion. The announcement sent the stock down more than 8% to its weakest level in nearly six years. Goldman Sachs sharply reduced its price target but retained a Buy rating, ar…