Daimler: Mainfirst still a buyer - raises target price
(CercleFinance.com) - Mainfirst welcomes Daimler's Q3 results and has increased its 2021 EBIT forecast by 36%.
"Our estimates are 23% ahead of consensus," the broker says.
"Based on our 2021 FCF forecast Daimler trades at some 14% FCF yield, the 2021 PE-ratio is 6.9x," Mainfirst adds.
Unsurprisingly, the analyst maintains a buy recommendation on the stock and has raised his target price from 54 euros to 63 euros.
The Daimler share is currently down 1.4%, underperforming Germany's DAX 30 index.
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