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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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