DaimlerChrysler "buy," target price raised

12.06.07 - Deutsche Bank

LONDON, June 12 (newratings.com) - Analysts at Deutsche Bank maintain their "buy" rating on DaimlerChrysler (DCX). The target price has been raised from ?73 to ?86.

In a research note published this morning, the analysts mention that the company is likely to report robust enhancements in the forthcoming years. Robust market conditions, higher carryover and robust products are expected to benefit the Mercedes and trucks segments, the analysts say. DaimlerChrysler is expected to generate up to ?5 billion in fixed cash flow per annum and is therefore likely to be able to give back cash to shareholders, following the close of the Chrysler deal, Deutsche Bank adds.