Goldman Sachs has lowered its price target for BMW shares from 112 to 105 euros ahead of the company's upcoming business report, citing recent sales figures and company signals suggesting a potentially more subdued business outlook. Analyst Christian Frenes adjusted his estimates for the Munich-based automaker to reflect current market data and corporate communication, though this does not indicate a fundamental strategy shift. Despite the reduced price target, BMW's rating remains 'Buy,' signaling Goldman Sachs' continued confidence in the group's long-term potential, even with short-term challenges impacting expectations. The BMW stock has experienced a volatile twelve months, with significant gains followed by a sharp decline and subsequent recovery, currently trading at 89 euros and lagging behind the DAX's performance.