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Daimler (ETR:DAI) Lost Its Stock Rating for Upgraded Buy One. The Stock Has EUR 83.00 Target Price

London Daimler ETR:DAI

Daimler (ETR:DAI) Upgrade of Rating

equinet AG was increased to Buy and currently has EUR 83.00 target on Daimler (ETR:DAI)’s stock. This was revealed to investors in a recent research note today. equinet AG’s target suggests a potential upside of 41.52 %.

In spite of the company’s rating upgrade ETR:DAI is currently trading -1.39% lower at EUR 58.78 as of 22:44 Frankfurt time. Daimler shares have decreased -18.45% in the past 200 days, while the S&P500 has risen 11.74% during the same time period.

Out of 27 brokers covering Daimler, 22 rate it a Buy, 10 indicate a Hold while 0 suggest a Sell. The highest target is EUR 107.88 and the lowest is EUR 60.19 according to Thomson/First Call. The 12-month mean target is EUR 89.04, which means upside potential of 51.48% over the current price.

ETR:DAI Price Chart & Trend

The stock price of Daimler decreased 18.45% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Daimler is down 8.22% and down 5.64%, respectively. Our stocks momentum model is shown on the price chart below. Daimler (ETR:DAI) Lost Its Stock Rating for Upgraded Buy One. The Stock Has EUR 83.00 Target Price

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

DAI Stock Chart

Daimler (ETR:DAI) Profile

Daimler AG (Daimler) is an automotive engineering company. The Company is engaged the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Mercedes-Benz Cars sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand.

Daimler (ETR:DAI) traded down -1.39% on 9 June, hitting EUR 58.78. A total of 3.40 million shares of the company’s stock traded hands. This is down from average of 3.70 million shares. Daimler has a 52 week low of EUR 56.19 and a 52 week high of EUR 87.63. The company has a market cap of 62.89 billion EUR and a P/E ratio of 8.06.

Get the latest Daimler (ETR:DAI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Daimler (ETR:DAI) Lost Its Stock Rating for Upgraded Buy One. The Stock Has EUR 83.00 Target Price appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Daimler (ETR:DAI) Lost Its Stock Rating for Upgraded Buy One. The Stock Has EUR 83.00 Target Price

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