DaimlerChrysler "buy," target price raised

03.09.07 - Deutsche Bank

LONDON, September 3 (newratings.com) - Analyst Jochen Gehrke of Deutsche Bank maintains his "buy" rating on DaimlerChrysler (DAI-EUR). The target price has been raised from ?86 to ?100.

In a research note published this morning, the analyst mentions that following the separation of Chrysler, Daimler is set to expand its margins. Even after the announced share repurchase, Daimler is likely to have substantial funds available for distribution, the analyst says. The company?s earnings are likely to remain stable regardless of a potential slowdown in the US economy, Deutsche Bank adds.