Credit Suisse Group Reiterates €82.00 Price Target for Daimler (DAI)

Credit Suisse Group Reiterates €82.00 Price Target for Daimler (DAI)

The brokerage now has a "neutral" rating on the stock.

The report also notes that the "ability to pass on the higher costs of commodities and other materials in the form of higher prices for the manufactured vehicles is limited because of strong competitive pressure in the global automotive markets" - in other words, if the company raises pricing for electric vehicles too high (so as to maintain profit margins), it will be undercut by foreign firms.

DAI has been the subject of several other research reports. Warburg Research set a €76.00 ($93.83) price target on Daimler and gave the company a "neutral" rating in a report on Monday, February 5th. Sanford C. Bernstein set a €85.00 ($104.94) price target on Daimler and gave the stock a buy rating in a report on Monday, November 27th. Finally, Nord/LB set a €70.00 ($86.42) price target on Daimler and gave the company a "neutral" rating in a report on Friday, February 2nd. Morgan Stanley set a €68.00 ($80.00) price objective on shares of Daimler AG and gave the stock a "neutral" rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $104.00.

Shares of Daimler (OTCMKTS:DDAIF) opened at $89.73 on Monday. The firm has a market capitalization of $76,610.00 and a P/E ratio of 8.09. Daimler has a fifty-two week low of $69.33 and a fifty-two week high of $94.41.

Reuters provides more: "Daimler's suppliers are being forced to invest to help electrify the entire Mercedes-Benz range by 2022, prompting the carmaker to use unusually frank language to warn about the impact of the shift to electrified cars in its report". Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.