Daimler: Oddo confirms rating before quarterly results
(CercleFinance.com) - Daimler will publish its Q3 2018 results on 25 October.
Prior to this publication, Oddo confirms its buy rating on the stock, along with its target price of 80 euros.
At its Automobile division, at the end of Q2, Daimler expects a significant y-o-y decline in EBIT in Q3 2018 relative to Q3 2017 and relative to Q2 2018 (EBIT <1.7 billion euros). Meanwhile, Oddo expects the group to report a 28% fall in EBIT to 1,519 million euros.
Regarding its Truck business, Oddo forecasts EBIT to rebound from Q3 (+23% to 758 million euros), related to an increase in volumes (mainly/US), where the production rate is gradually increasing.
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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.
Prior to this publication, Oddo confirms its buy rating on the stock, along with its target price of 80 euros.
At its Automobile division, at the end of Q2, Daimler expects a significant y-o-y decline in EBIT in Q3 2018 relative to Q3 2017 and relative to Q2 2018 (EBIT <1.7 billion euros). Meanwhile, Oddo expects the group to report a 28% fall in EBIT to 1,519 million euros.
Regarding its Truck business, Oddo forecasts EBIT to rebound from Q3 (+23% to 758 million euros), related to an increase in volumes (mainly/US), where the production rate is gradually increasing.
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.