Daimler (DDAIF) Receives a Buy from Merrill Lynch

By Jason Carr

Merrill Lynch analyst Kai Muller maintained a Buy rating on Daimler (DDAIFResearch Report) yesterday and set a price target of $65. The company’s shares opened today at $60.83.

According to TipRanks.com, Muller is a 1-star analyst with an average return of -11.7% and a 25.0% success rate. Muller covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Continental Aktiengesellschaft.

The word on The Street in general, suggests a Hold analyst consensus rating for Daimler with a $62.85 average price target, which is a 3.3% upside from current levels. In a report issued on April 30, Deutsche Bank also reiterated a Buy rating on the stock with a $58.14 price target.

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Daimler’s market cap is currently $63.56B and has a P/E ratio of 7.96. The company has a Price to Book ratio of 0.87.

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Daimler AG engages in the production and distribution of cars, trucks, and vans. It operates through the following segments: Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services.