Daimler "buy," target price raised

06.03.08 - Wall Street Strategies

NEW YORK, March 6 (newratings.com) - Analysts at Wall Street Strategies reiterate their "buy" rating on Daimler AG (DAI). The target price has been raised from $90 to $95.

In a research note published yesterday, the analysts mention that the company has posted robust 4Q results. A substantial improvement in Daimler's EPS for the quarter was driven by the exclusion of Chrysler from the company?s books and improving operations and efficiencies on account of the past restructuring initiatives, the analysts say. Daimler?s Truck segment showed faster-than-expected improvement in its fundamentals in the quarter, Wall Street Strategies adds.