Mercedes-Benz: UBS confirms rating after CMD
(CercleFinance.com) - At a strategy meeting held on the French Riviera, the German car group set itself the target of achieving an operating margin of around 14% by the middle of the decade, subject to "favourable" market conditions.
Mercedes-Benz said it expects its luxury car sales to grow by around 60% by 2026.
Following these target announcements, UBS confirms its buy rating on the stock with a target price of 90 euros.
The broker hails "A convincing luxury product strategy & a widely expected 300bps increase in LT margin targets".
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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.
Mercedes-Benz said it expects its luxury car sales to grow by around 60% by 2026.
Following these target announcements, UBS confirms its buy rating on the stock with a target price of 90 euros.
The broker hails "A convincing luxury product strategy & a widely expected 300bps increase in LT margin targets".
Copyright (c) 2022 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.