Daimler: Oddo BHF confirms its rating.
(CercleFinance.com) - Oddo BHF has confirmed its buy rating on the Daimler stock, with a target price of 81 euros, following a management conference.
The broker's analysts indicate that management has confirmed that it is considering a possible restructuring of the group (potential creation of two entities: Auto + Van and Truck + Bus).
At this stage, it seems to be just reflection aimed at making the group: i) more attentive to its clients, and ii) more flexible in an ever faster world, which could enable an alliance in a fairly wide area, Oddo BHF explained.
The broker's analysis also reported that management has announced that the development of its EQ range (purely electric vehicles) would weigh on its margins.
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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.
The broker's analysts indicate that management has confirmed that it is considering a possible restructuring of the group (potential creation of two entities: Auto + Van and Truck + Bus).
At this stage, it seems to be just reflection aimed at making the group: i) more attentive to its clients, and ii) more flexible in an ever faster world, which could enable an alliance in a fairly wide area, Oddo BHF explained.
The broker's analysis also reported that management has announced that the development of its EQ range (purely electric vehicles) would weigh on its margins.
Copyright (c) 2017 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.