Daimler: Oddo still on hold, saying take a break
(CercleFinance.com) - While Daimler published preliminary results that were largely above expectations, Oddo has raised its estimates (+1.
3 billion euros for 2020 EBIT, followed by +2.3 billion euros for 2021).
However, after the stock's very good performance in recent months, analysts remain convinced that investors should take a break and maintain their Neutral rating, the analyst says.
While Q4 should be solid, it should above all reflect the exceptional nature of the third quarter, the broker adds, which points out that this performance will not be recurrent.
Oddo maintains its target price of 50 euros for the share (just over 1 euro above its current price).
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