Daimler "buy," target price reduced

18.02.08 - Landesbank Rheinland Pfalz

LONDON, February 18 (newratings.com) - Analysts at Landesbank Baden-Württemberg maintain their "buy" rating on Daimler AG (DAI). The target price has been reduced from ?90 to ?80.

In a research note published this morning, the analysts mention that the margin guidance for Daimler Trucks across the model cycle has been raised from 7% to 8% from 2010. The downward revision in the price target reflects the uncertain economic environment that has led to a steep decline in the share prices of the company?s peers, Landesbank Baden-Württemberg adds. Despite the challenging macroeconomic environment, the company is likely to bolster shareholder value going forward via its high dividends, the analysts add.



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