Daimler: promising results, Mainfirst on 'buy'

(CercleFinance.com) - The initial figures presented by Daimler for the 3rd quarter reveal results far above expectations, with a group EBIT 39% above consensus.
Mainfirst says that Daimler remains their first choice among the German auto makers.

In this context, the target margin reported by Mercedes for 2025 (between 6% and 10%, or even more, depending on conditions) is already looking conservative, says the broker, maintaining its 'buy' rating and targeting a price of 54 euros.

Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.