DaimlerChrysler "buy"

15.05.07 - Dresdner Kleinwort Wasser.

LONDON, May 15 (newratings.com) - Analyst Thomas Aney of Dresdner Kleinwort reiterates his "buy" rating on DaimlerChrysler AG (DCX). The target price is set to ?69.

In a research note published this morning, the analyst mentions that the company has successfully sold its Chrysler unit in just three months at a total enterprise value of ?13.1 billion, marginally short of the estimates. The analyst expects DaimlerChrysler to focus on its remaining operations, following the closure of the deal.