Daimler: shares down; Goldman starts with 'sell'

(CercleFinance.com) - Shares in Daimler fall almost 1 percent as Goldman Sachs initiates coverage with a "sell" recommendation and a 12-month price target of 42 euros, implying a 10% downside.


"Daimler faces a number of challenges both this year and next," Goldman analysts say in a note on European carmakers.

Regarding Daimler, the broker in particular cites challenges at Mercedes and vans, which it does not see diminishing in the near term, and a negative view on the US truck cycle in 2020.

Daimler shares are currently down 0.6% at 46.2 euros.

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.