Mercedes-Benz AG : Still robust but lack of short-term triggers leads us to be more conservative
>Neutral vs Outperform, TP € 65 vs € 75 - Concomitantly with our rating upgrade on Renault (Outperform vs Neutral), we downgrade Mercedes-Benz to Neutral vs Outperform. Indeed, with a view to maintaining a coherent sector hierarchy among OEMs and given that we fail to see any major triggers for MBG in the coming months (in our view a possible upgrade to the FY guidance at the Q3 earnings is already priced in), a Neutral rating now seems more justified for the name. Gi...Daimler provides a range of transportation products, including passenger cars and commercial vehicles, and also financial services. Co. operates in five segments. Mercedes-Benz Cars sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand. The Daimler Trucks distributes its trucks (Mercedes-Benz, Freightliner, FUSO, Western Star, Thomas Built Buses and BharatBenz). The vans of the Mercedes-Benz Vans segment are sold under the brand name Mercedes-Benz and Freightliner. Daimler Buses sells completely built-up buses (Mercedes-Benz and Setra). The Daimler Financial Services division supports sales of Co.'s automotive brands.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.