Independent Research Sticks to Its Hold Rating for Daimler (DDAIF)

By Austin Angelo

Independent Research analyst Sven Diermeier maintained a Hold rating on Daimler (DDAIFResearch Report) today and set a price target of EUR31.00. The company’s shares closed last Wednesday at $30.76.

Diermeier wrote:

“FRANKFURT (dpa-AFX Analyser) – Das Analysehaus Independent Research hat das Kursziel fur Daimler von 44 auf 31 Euro gesenkt, die Einstufung nach dem Corona-Kursrutsch aber auf “Halten” belassen. Analyst Sven Diermeier senkte in einer am Donnerstag vorliegenden Studie seine Gewinnerwartungen fur den Autobauer wegen der Folgen der Coronavirus-Krise./mis/ajx

Veroffentlichung der Original-Studie: 09.04.2020 / 08:20 / MESZ
Erstmalige Weitergabe der Original-Studie: 09.04.2020 / 09:10 / MESZ

Hinweis: Informationen zur Offenlegungspflicht bei Interessenkonflikten im Sinne von § 85 Abs. 1 WpHG, Art. 20 VO (EU) 596/2014 fur das genannte Analysten-Haus finden Sie unter http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.”

According to TipRanks.com, Diermeier is ranked #2705 out of 6295 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Daimler with a $36.52 average price target.

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The company has a one-year high of $67.20 and a one-year low of $22.75. Currently, Daimler has an average volume of 77.53K.

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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. The Mercedes-Benz Cars segment sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand. The Daimler Trucks distributes its trucks under the brand names Mercedes-Benz, Freightliner, FUSO, Western Star, and BharatBenz. The Mercedes-Benz Vans segment manufactures commercial vans such as Sprinter large van, the Vito mid-size van, and the Mecedez-Benz Citan urban delivery van. The Daimler Buses segment trades city and intercity buses, coaches, and bus chassis under the Mercedes-Benz and Setra brands. The Daimler Financial Services segment consists of tailored financing and leasing packages for customers and dealers. It also provides services such as insurance, fleet management, investment products, and credit cards. The company was founded by Gottlieb Daimler and Carl Benz in 1926 and is headquartered in Stuttgart, Germany.