BMW shares gained pre-market on Friday. Citigroup analysts assigned the stock a 'Positive Catalyst Watch' status. They anticipate positive news flow over the next 90 days.
Citigroup analyst Harald Hendrikse pointed to lowered profit expectations in the China market. He suggested the negative trend may have passed its peak. Hendrikse noted that a company's stock often rises a few months after a profit warning. This occurred for BMW in June.
Bernstein Research maintained its 'Outperform' rating. The firm highlighted reports of strong interest in the new iX3 model, built in China.