DaimlerChrysler "buy," estimates raised

26.10.06 - Merrill Lynch

LONDON, October 26 (newratings.com) - Analysts at Merrill Lynch maintain their "buy" rating on DaimlerChrysler (DCX), while raising their estimates for the company. The target price is set to ?50.

In a research note published this morning, the analysts mention that Mercedes Car Group has reported its 3Q results ahead of the estimates and the consensus. The company has reaffirmed its guidance for the current year, the analysts say. The EPS estimates for 2006, 2007 and 2008 have been raised from ?2.30 to ?3.43, from ?3.91 to ?4.14 and from ?4.98 to ?5.37, respectively.