DaimlerChrysler "buy"

11.09.06 - Merrill Lynch

LONDON, September 11 (newratings.com) - Analysts at Merrill Lynch maintain their "buy" rating on DaimlerChrysler AG (DCX). The target price is set to ?58.

In a research note published this morning, the analysts mention that the company?s stock has declined by 18% from its peak levels in February due to concerns over Chrysler. Chrysler?s 3Q remedial measures and the rolling product renewal programme are likely to start showing results going forward, the analysts say.