Here are the insights from Bernstein Research analyst Daniel Roeska, who took a closer look at the Mercedes-Benz Group (ex Daimler) paper.
The US analysis house Bernstein Research has raised the price target for Mercedes-Benz from 80 to 84 euros based on figures and the dividend announcement and left the rating at “Outperform”. The car manufacturer is a cash machine, wrote analyst Daniel Roeska in a study available on Friday. He raised the price target to reflect the higher-than-expected share buyback.
Analysis and share valuation: This is how the Mercedes-Benz Group (ex Daimler) share presents itself on the day of the analysis
The Mercedes-Benz Group (ex Daimler) share was up 1.5 percent at EUR 72.36 in the XETRA session at 1:18 p.m. As a result, the share still has room for improvement: 16.09 percent in relation to the set price target. During trading to date, 2,385,795 Mercedes-Benz Group (ex Daimler) shares have been offered for purchase or sale via XETRA. Since the beginning of 2024, the share has gained 15.7 percent. Mercedes-Benz Group (ex Daimler) is expected to present its next balance sheet for Q1 2024 on April 30, 2024.
NEW YORK (dpa-AFX Analyzer) / editorial team finanzen.net
Publication of the original study: February 22, 2024 / 11:58 p.m. / UTC
First distribution of the original study: February 23, 2024 / 05:53 / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Para. 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found at http://web.dpa-afx.de/offenstellenpflicht/ disclosure_duty.html.
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