RESEARCH ALERT-JP Morgan ups BMW to 'overweight'


LONDON, Sept 27 (Reuters) - JP Morgan upgraded German luxury car maker BMW to "overweight" on Monday and increased its price target to 37 euros from 33. JP Morgan said it expected BMW to grow its cash pile and suggested returns to shareholders could increase. BMW shares were down 0.9 percent at 33.48 euros at 0829 GMT.

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