Daimler (ETR:DAI) Stock Upgrade
Goldman Sachs Group Inc. hiked shares of Daimler (ETR:DAI) to a “Buy” rating in a recent report sent to investors and clients on 8 December. The broker now has a EUR 86.00 PT on shares.
From a total of 18 analysts covering Daimler (ETR:DAI) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 78% of the ratings are positive. The highest target price is €113 while the lowest target price is €70. The mean of all analyst targets is €95.07 with a 19.24% above today’s (€79.73) stock price. Daimler was the topic of 44 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank upgraded shares on December 5 to “Buy” rating. Equinet upgraded shares to “Buy” rating and €108 target share price in a report from a November 18. Warburg Research upgraded DAI stock in a recent report from December 4 to “Buy” rating. Bernstein maintained the rating on October 23. Bernstein has a “Market Perform” rating and a €70 price target on shares. Finally, Goldman Sachs upgraded the stock to “Buy” rating in a report issued on a November 24.
The stock increased 1.42% or EUR 1.12 on December 7, striking EUR 79.73. Approximately 3.21 million shares of stock traded hands. Daimler AG (ETR:DAI) has 0.00% since May 7, 2015 and is . It has outperformed by 1.08% the S&P500.
Daimler AG is an automotive engineering company. The company has a market cap of 85.30 billion EUR. The Firm is engaged the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. It has 11.06 P/E ratio. Mercedes-Benz Cars sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand.