Daimler (ETR:DAI) Receives a Higher Rating From Deutsche Bank AG. Will This be a Boost to the Share Price?


Daimler (ETR:DAI) Stock Upgrade

Deutsche Bank AG has just given Daimler (ETR:DAI) shares an updated Buy rating in a recent research report sent to investors on Saturday, 5 December. The broker presently has a respectable EUR 110.00 target on the stock. The target announced by Deutsche Bank AG is 40.00% from DAI’s current share price.

From a total of 17 analysts covering Daimler (ETR:DAI) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 76% of the ratings are positive. The highest target price is €110 while the lowest target price is €70. The mean of all analyst targets is €93.79 with a 19.31% above today’s (€78.61) stock price. Daimler was the topic of 42 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Warburg Research upgraded shares on December 4 to “Buy” rating. Bernstein maintained shares with “Market Perform” rating and €70 target share price in a report from an October 23. Goldman Sachs upgraded DAI stock in a recent report from November 24 to “Buy” rating. S&P Research upgraded the rating on October 23. S&P Research has a “Buy” rating and a €95 price target on shares. Finally, Landesbank upgraded the stock to “Buy” rating in a report issued on a November 3.

The stock increased 0.24% or EUR 0.19 on December 4, striking EUR 78.61. Approximately 5.33M shares of stock traded hands or 49.30% up from the average. Daimler AG (ETR:DAI) has 0.00% since May 6, 2015 and is . It has outperformed by 2.78% the S&P500.

 Daimler (ETR:DAI) Receives a Higher Rating From Deutsche Bank AG. Will This be a Boost to the Share Price?

Daimler AG is an automotive engineering company. The company has a market cap of 84.10 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 10.9 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.