Daimler: 'worries exaggerated' - Oddo still a buyer
(CercleFinance.com) - An Oddo BHF analyst this morning announced that he is maintaining his “buy” rating on the Daimler stock, along with his target price of 81 euros, a fortnight before the group's publication of its Q2 results.
The group has already announced a reduction in its 2018 targets on 20 June (slight decline vs. stable previously). Meanwhile, Oddo expects Q2 reported EBIT to fall by 33% i.e. by -1,250 million euros to 2,497 million euros (vs. consensus of 2.6 billion euros), Oddo BHF points out.
Believing that the share price has suffered a lot as a result of environmental issues and doubts about the durability of the dividend, which the analyst considers as "exaggerated," Oddo thinks that the second quarter will probably represent a low.
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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 group has already announced a reduction in its 2018 targets on 20 June (slight decline vs. stable previously). Meanwhile, Oddo expects Q2 reported EBIT to fall by 33% i.e. by -1,250 million euros to 2,497 million euros (vs. consensus of 2.6 billion euros), Oddo BHF points out.
Believing that the share price has suffered a lot as a result of environmental issues and doubts about the durability of the dividend, which the analyst considers as "exaggerated," Oddo thinks that the second quarter will probably represent a low.
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.