In a report released today, Michael Punzet from DZ BANK AG upgraded Daimler (DDAIF) to Buy. The company’s shares closed last Tuesday at $82.63, close to its 52-week high of $82.85.
According to TipRanks.com, Punzet is ranked #6780 out of 7342 analysts.
Daimler has an analyst consensus of Moderate Buy, with a price target consensus of $92.59, representing a 13.1% upside. In a report issued on February 18, J.P. Morgan also maintained a Buy rating on the stock with a EUR79.00 price target.
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The company has a one-year high of $82.85 and a one-year low of $22.75. Currently, Daimler has an average volume of 29.81K.
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Daimler AG engages in the production and distribution of cars, trucks, and vans. It operates through the following segments: Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services. The Mercedes-Benz Cars segment sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand. The Daimler Trucks distributes its trucks under the brand names Mercedes-Benz, Freightliner, FUSO, Western Star, and BharatBenz. The Mercedes-Benz Vans segment manufactures commercial vans such as Sprinter large van, the Vito mid-size van, and the Mecedez-Benz Citan urban delivery van. The Daimler Buses segment trades city and intercity buses, coaches, and bus chassis under the Mercedes-Benz and Setra brands. The Daimler Financial Services segment consists of tailored financing and leasing packages for customers and dealers. It also provides services such as insurance, fleet management, investment products, and credit cards. The company was founded by Gottlieb Daimler and Carl Benz in 1926 and is headquartered in Stuttgart, Germany.