Investment opinion – BUY: Based on historic P/E valuation, we calculate a target
price of EUR 79 for YE2016E, implying a 23% upside from the current share price.
The new TP is 25% below our previous TP (of EUR 105) of October 23rd, reflecting
the collapse in the global equity markets seen since the beginning of the year. The
chart-technical outlook for Daimler share is negative.