Daimler: Oddo neutral after an unflashy publication
(CercleFinance.com) - On Wednesday an analyst at Oddo BHF confirmed a "neutral" rating on the Daimler group share, after the car maker's unflashy publication, albeit accompanied with a sound delivery from management.
Thus, the broker retains an undeniably proactive approach, which partly offsets an almost equal lack of visibility, in a difficult environment. It says that fears over the dividend were justified. Analysts retain 2020 prospects that have been confirmed within the divisions... although there is still a lack of clarity regarding FCF and the group's dividend in 2020 and thereafter, they note.
The analyst confirms a target price of 46 euros for the share, meaning upside potential that is limited to 8%.
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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.
Thus, the broker retains an undeniably proactive approach, which partly offsets an almost equal lack of visibility, in a difficult environment. It says that fears over the dividend were justified. Analysts retain 2020 prospects that have been confirmed within the divisions... although there is still a lack of clarity regarding FCF and the group's dividend in 2020 and thereafter, they note.
The analyst confirms a target price of 46 euros for the share, meaning upside potential that is limited to 8%.
Copyright (c) 2020 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.