Daimler: UBS upgrades to 'buy'
(CercleFinance.com) - Analysts at UBS upgraded the Daimler share from "neutral" to "buy" on Tuesday in a report on German premium carmakers.
Analysing what it would take for auto groups to stay relevant and create value, the brokerage said Daimler is "likely to act more decisively."
UBS has also raised its target price on the stock, from 52 euros to 54 euros.
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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.
Analysing what it would take for auto groups to stay relevant and create value, the brokerage said Daimler is "likely to act more decisively."
UBS has also raised its target price on the stock, from 52 euros to 54 euros.
Copyright (c) 2019 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.