12-Jun-2026 19:06:10
BOSCHLTDAcquisition and merger
UBS ON BOSCH
DOUBLE UPGRADE TO BUY , TARGET PRICE INCREASED TO 45,530 FROM 27,920 Portfolio repositioning reshapes investment case Acquisition of Chassis Systems strengthens value upside potential Recent JVs provide incremental upside Value core biz at 35x 1-yr fwd EV/EBITDA to reflect JV opportunities Value Chassis Systems business at 30x 1-yr fwd EV/EBITDA
BOSCH LIMITED