Daimler: Oddo confirms rating after DT trading update
(CercleFinance.com) - Oddo today confirms its "buy" rating on the Daimler stock, along with its target price of 81 euros, following the group's investor day which was focused on Daimler Truck (DT).
Daimler Truck (DT) has reiterated its strengths and showed that in the future, they should enable it to consolidate its position as a world leader, the broker's analysts note.
DT has confirmed its margin/EBIT target target (8%/cycle, post-costs/future technologies) and the significant improvement announced for 2018. Q1 EBIT is up 61% (margin: 7.5%). Performance in H2 will exceed that in H1, Oddo adds.
By 2018, the margin should approach/reach 8%, albeit with markets at high levels in the US and EU, it also said.
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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.
Daimler Truck (DT) has reiterated its strengths and showed that in the future, they should enable it to consolidate its position as a world leader, the broker's analysts note.
DT has confirmed its margin/EBIT target target (8%/cycle, post-costs/future technologies) and the significant improvement announced for 2018. Q1 EBIT is up 61% (margin: 7.5%). Performance in H2 will exceed that in H1, Oddo adds.
By 2018, the margin should approach/reach 8%, albeit with markets at high levels in the US and EU, it also said.
Copyright (c) 2018 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.