Daimler: shares up after broker comments
(CercleFinance.com) - Daimler shares are up nearly 2% on Tuesday following positive broker comments on the stock.
UBS - which upgraded the share from "neutral" last week - maintains its "buy" rating on the stock, with a target price of 54 euros.
Daimler is consensually seen as a stock to avoid, which creates an opportunity, the broker writes in a note.
In particular, UBS thinks sentiment could turn on the surprisingly strong August sales data announced today (+14% year-on-year) and potentially reassuring comments by management at the Frankfurt Auto Show.
Daimler shares are currently up 1.6% at 47.1 euros on the Frankfurt Stock Exchange.
Copyright (c) 2019 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.