DaimlerChrysler downgraded to "hold"

25.09.06 - Dresdner Kleinwort Wasser.

NEW YORK, September 25 (newratings.com) - Analysts at Dresdner Kleinwort downgrade DaimlerChrysler (DAIC-EUR) from "buy" to "hold." The target price has been reduced from ?42 to ?37.

In a research note published this morning, the analysts mention that the company is likely to remain vulnerable to the automotive market trends till Chrysler is less exposed to competition or is unbundled. The analysts express their concern regarding the impact of strong market forces on Chrysler in the medium-term.