Investment opinion – BUY: Based on historic P/E valuation, we calculate a target price of EUR 81 for YE2016E, implying a 23% upside from the current share price. The new TP is 3.2% above our previous TP (of EUR 79) of February 2nd. The chart- technical outlook for Daimler shares is negative. (See pp.14-15.)
Category Archives: Daimler
Daimler 2Q15E Preview
Daimler shares’ long-term positive trend is intact. Daimler shares are in a short- term correction. The short-term technicals are still negative with RSI and MACD both negative. Daimler shares have downside risk towards the 50-day moving average of around EUR 75 a share. We are advising to accumulate Daimler shares at current levels. Our medium- term price target for Daimler shares is EUR 110.
080114 – CGI Global Automotive Demand Atlas August/September
09 01 2014 CGI – GADA – August-September edition
Automotive Analyst Sabine Blumel analyzes global automotive demand trends.
0501 2014 – Daimler 1Q14 Results Commentary
05 01 2014 CGI – Daimler – 1Q14 results review
Automotive Analyst Sabine Blumel comments on Daimler 1q 2014 results: 1Q14A EBIT in line with 1Q14E: EUR 2.07bn for the group & EUR 1.18bn at M-B Cars. Some disappointment: at M-B Cars, a lower than expected 7.0% margin and at Trucks, lower than expected EBIT (EUR 0.35bn/4.9%) due to country-mix. We fine-tuned our FY14E EPS to a 19% increase to EUR 5.93. Our YE14 TP of EUR 82.00 implies a 24% upside potential for Daimler shares.