German automaker BMW used a U.S. investor day to underline that the U.S. has clearly outgrown simply being an attractive profit pool and is now a strategic manufacturing, export and product-development hub for the group, Deutsche Bank analyst Tim Rokossa writes. "Some would say THE strategic hub," Rokossa says. The bank also believes that the new CEO's initial agenda appears to be less about completely resetting BMW's strategy and more about accelerating execution on flexibility, cost and regional resilience. Deutsche Bank rates BMW at buy with a 90 euro target price on the stock. Shares rise 1.1% to 60.84 euros. (dominic.chopping@wsj.com)