Daimler (ETR:DAI) Falls into Favor With equinet AG As They Decide to Upgrade Shares

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Daimler (ETR:DAI) Stock Upgrade

In analysts report sent to investors and clients on Wednesday morning, equinet AG decided to upgrade shares of Daimler (ETR:DAI) to a Buy rating. The firm currently has a respectable EUR 108.00 TP on DAI 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 €94.50 with a 25.17% above today’s (€75.5) stock price. Daimler was the topic of 46 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 9 with “Market Perform” rating. Independent Research upgraded shares to “Buy” rating and €97 target share price in a report from a December 1. Deutsche Bank upgraded DAI stock in a recent report from December 5 to “Buy” rating. Equinet upgraded the rating on November 18. Equinet has a “Buy” rating and a €108 price target on shares. Finally, Warburg Research upgraded the stock to “Buy” rating in a report issued on a December 4.

The stock increased 3.50% or EUR 2.55 on December 15, striking EUR 75.5. Approximately 4.16 million shares of stock traded hands or 13.04% up from the average. Daimler AG (ETR:DAI) has 0.00% since May 15, 2015 and is . It has outperformed by 3.68% the S&P500.

 Daimler (ETR:DAI) Falls into Favor With equinet AG As They Decide to Upgrade Shares

Daimler AG is an automotive engineering company. The company has a market cap of 80.77 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 10.47 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.

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