Daimler: BofA-Merrill Lynch confirms 'buy' rating
(CercleFinance.com) - On Wednesday Bank of America Merrill Lynch confirmed its "buy" rating on the Daimler share, with a target price of 55 euros, after hosting meetings with the carmaker's CFO.
"Client interest was clearly high," the broker said, highlighting that investors focused on path to CO2 compliance, measures to offset compliance cost and levers to improve cash-flow generation.
For this to happen, management outlined a clear path for the period until 2022, Merrill pointed out.
The Daimler stock is currently up 0.5% at 49.8 euros in Frankfurt.
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