Daimler: Bank of America still a buyer
(CercleFinance.com) - On Tuesday, a Bank of America Global Research analyst confirmed a "Buy" rating on the Daimler share.
The broker believes that Daimler will accelerate its cost-cutting policy: press sources mention an additional 10,000 redundancies on the cards.
BofA GR therefore confirms its target price of 43 euros for the share, meaning upside potential of 17%.
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.