Daimler: promising results, Mainfirst on 'buy'
(CercleFinance.com) - The initial figures presented by Daimler for the 3rd quarter reveal results far above expectations, with a group EBIT 39% above consensus.
Mainfirst says that Daimler remains their first choice among the German auto makers.
In this context, the target margin reported by Mercedes for 2025 (between 6% and 10%, or even more, depending on conditions) is already looking conservative, says the broker, maintaining its 'buy' rating and targeting a price of 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.
Mainfirst says that Daimler remains their first choice among the German auto makers.
In this context, the target margin reported by Mercedes for 2025 (between 6% and 10%, or even more, depending on conditions) is already looking conservative, says the broker, maintaining its 'buy' rating and targeting a price of 54 euros.
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.