Daimler: AlphaValue directly upgrades to buy
(CercleFinance.com) - AlphaValue has upgraded its rating on the Daimler share after the German car maker's "superb performance" in Q3.
The analyst has therefore directly upgraded the stock from "sell" to "accumulate".
Acknowledging what appears to be a lasting turnaround for Daimler, AlphaValue has also increased its 6m target price for the share from 37.8 euros to 50.8 euros.
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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.
The analyst has therefore directly upgraded the stock from "sell" to "accumulate".
Acknowledging what appears to be a lasting turnaround for Daimler, AlphaValue has also increased its 6m target price for the share from 37.8 euros to 50.8 euros.
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.