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Volkswagen Races Ahead On Porsche Talk - HVB

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[01/26/2006] 1401 GMT [Dow Jones] FRANKFURT--Volkswagen (VOW.XE) +4.3% at EUR48.83 amid talk Porsche's (POR3.XE) increasing its stake of around 19% further or is exercising its option to acquire another 3.4% in VW, HVB analyst Albrecht Denninghoff says.
1401 GMT [Dow Jones] FRANKFURT--Volkswagen (VOW.XE) +4.3% at EUR48.83 amid talk Porsche's (POR3.XE) increasing its stake of around 19% further or is exercising its option to acquire another 3.4% in VW, HVB analyst Albrecht Denninghoff says. "But the situation remains uncertain as we don't have any concrete indication for that," he notes. Says recent news on improving German economic Ifo indicator and DaimlerChrysler's (DCX) restructuring plan contribute to positive sentiment. Maintains underperformer rating for VW, target EUR45. Porsche has no immediate comment. (CRA)
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