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Daimler: shares up after broker comments

(CercleFinance.com) - Daimler shares are up nearly 2% on Tuesday following positive broker comments on the stock.


UBS - which upgraded the share from "neutral" last week - maintains its "buy" rating on the stock, with a target price of 54 euros.

Daimler is consensually seen as a stock to avoid, which creates an opportunity, the broker writes in a note.

In particular, UBS thinks sentiment could turn on the surprisingly strong August sales data announced today (+14% year-on-year) and potentially reassuring comments by management at the Frankfurt Auto Show.

Daimler shares are currently up 1.6% at 47.1 euros on the Frankfurt Stock Exchange.

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