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. Last Updated: 07/27/2016

Porsche Powers Ahead

FRANKFURT, Germany -- Shares in sports car maker Porsche roared more than 15 percent ahead in the last week, driven by the sale to dealers of all its planned 1997/98 production of 38,000 cars.


Delighted brokers have showered the stock with buy recommendations, and are forecasting accelerating sales and profit growth. Porsche preference shares ended bourse trade Tuesday up 25 Deutsche marks at 3,010 marks ($1681.09) after hitting a new record high at 3,040 marks.


Those reaffirming or strengthening recommendations to buy Porsche shares in recent days include Vereinsbank, Lehman Brothers and Enskinda Corporate.