Mercedes-Benz Group: AlphaValue upgrades stock
(CercleFinance.com) - On Wednesday AlphaValue upgraded its rating on Mercedes-Benz Group shares to "buy" (from "hold"), saying that the luxury-oriented strategy adopted by the company was beginning to bear fruit.
In a report, the independent broker noted that the German group's Q1 results were driven by its premium vehicles, which now account for 16% of sales volumes, with some models unavailable until the end of the year.
Analysts say that this positive momentum will support growth in revenues and operating profit, despite the problems posed by the shortage of semi-conductors and the increase in raw material prices.
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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.
In a report, the independent broker noted that the German group's Q1 results were driven by its premium vehicles, which now account for 16% of sales volumes, with some models unavailable until the end of the year.
Analysts say that this positive momentum will support growth in revenues and operating profit, despite the problems posed by the shortage of semi-conductors and the increase in raw material prices.
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.