European automaker stocks rose on Wednesday as UBS said the impact of US tariffs may be less than expected and raised target prices for companies such as BMW, Forvia, and Schaeffler. The European Stoxx 600 Auto and Parts Index was one of the best performing indices of the day. The index rose 1.8% and the market rose 0.4%. BMW and Valeo shares rose nearly 4%, with the exception of Continental Group, Michelin, D'Ieteren Group, and Ferrari, all constituent stocks rose more than 2%.

European automaker stocks rose on Wednesday as UBS said the impact of US tariffs may be less than expected and raised target prices for companies such as BMW, Forvia, and Schaeffler. The European Stoxx 600 Auto and Parts Index was one of the best performing indices of the day. The index rose 1.8% and the market rose 0.4%. BMW and Valeo shares rose nearly 4%, with the exception of Continental Group, Michelin, D'Ieteren Group, and Ferrari, all constituent stocks rose more than 2%.