Price targets

Analyst ratings

8 analysts rated this company in the past 90 days. The average target price is €60.00, this is a change of +12.5% compared to the current price.

• September 23, 2025

  Berenberg maintains Mercedes-Benz on 'Hold' - Target 56 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for Mercedes-Benz with a price target of €56. The Stuttgart-based company's CFO provided a constructive update in the difficult environment and highlighted future opportunities, wrote Romain Gourvil after the second day of the Berenberg conference on Tuesday./ag/tav

  Publication of the original study: September 23, 2025 / 11:22 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 22, 2025

  RBC lowers Mercedes-Benz to 'Sector Perform' - Target 55 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has lowered its price target for Mercedes-Benz shares from €63 to €55 and downgraded the stock from "Outperform" to "Sector Perform." Analyst Tom Narayan justified his reassessment on Tuesday with tariff risks and a weaker outlook in China. He fears some pressure on cash inflows through 2027, which could limit the scope for share buybacks. In the long term, however, he sees Mercedes as quite positive./rob/ag/tih

  Publication of the original study: September 22, 2025 / 7:22 p.m. / EDT

  First distribution of the original study: September 23, 2025 / 12:15 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 18, 2025

  Berenberg lowers target for Mercedes-Benz to 56 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Mercedes-Benz from €58 to €56 and maintained its rating at "Hold." US tariffs on car imports from the EU, the reduction to 15 percent of which is likely to take effect during the final quarter, continue to weigh on European manufacturers' margins, Romain Gourvil wrote in his industry assessment published Friday. In addition, a further market slowdown in China could exert short-term pressure. However, strong sales momentum and a large number of new models, with Renault, Volkswagen, and BMW leading the way, are providing support. Audi and Mercedes-Benz are forecasting strong product momentum for 2026./gl/stk

  Publication of the original study: September 18, 2025 / 4:20 p.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 8, 2025

  Jefferies maintains Mercedes-Benz on 'Hold' - Target 55 euros

  NEW YORK (dpa-AFX Analyser) - The analyst firm Jefferies maintained its "Hold" rating for Mercedes-Benz at the Munich IAA with a price target of €55. The automaker announced a new, all-electric SUV in the GLC series at the trade show, noted Philippe Houchois in a study released Tuesday. The automaker will be undergoing a major renewal round for a total of 40 models by 2027, so attention is already increasingly turning to that year. Market conditions for the Stuttgart-based firm did not change much in the second quarter./tih/gl

  Publication of the original study: September 8, 2025 / 7:03 PM / ET. First distribution of the original study: September 8, 2025 / 7:03 PM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 8, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - Following a meeting with the company's CFO at the IAA motor show, US bank JPMorgan has maintained a "Overweight" rating on Mercedes-Benz with a price target of €68. Jose M. Asumendi wrote in an assessment released Monday that the focus was primarily on renewing the product cycle. The Stuttgart-based company is likely to use this to gradually close the price gap between combustion engines and electric vehicles./rob/gl/tih

  Publication of the original study: September 8, 2025 / 10:42 AM / BST First distribution of the original study: September 8, 2025 / 10:42 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 21, 2025

  RBC lowers target for Mercedes-Benz to 63 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has lowered its price target for Mercedes-Benz from €73 to €63 and maintained its rating at "Outperform." In a study released Friday, analyst Tom Narayan incorporated the past reporting season into his valuation models for several companies in the global automotive industry. He is more positive about US auto suppliers, while his conclusions for European automakers are mixed. He expressed caution regarding pure-play electric vehicle manufacturers such as Rivian and Lucid.

  Publication of the original study: August 21, 2025 / 9:19 p.m. / EDT. First distribution of the original study: August 21, 2025 / 9:19 p.m. / EDT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Deutsche Bank lowers target for Mercedes-Benz to 75 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has lowered its price target for Mercedes-Benz from €90 to €75, but maintained its "Buy" rating. Tim Rokossa wrote in a study released Thursday that the extent of the sales target reduction may have been underestimated. Perhaps share buybacks could save the automaker's investors./ajx/la

  Publication of the original study: July 31, 2025 / Time not specified in study / CET. First distribution of the original study: July 31, 2025 / 8:02 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  RBC maintains Mercedes-Benz at 'Outperform' - Target 73 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Mercedes-Benz at "outperform" with a price target of €73 after the company released its earnings results. The automaker met analyst consensus in the second quarter, Tom Narayan wrote in a study released Wednesday. A new target for this year's margin in the automotive division is in line with expectations./rob/tih/nas

  Publication of the original study: July 30, 2025 / 2:07 a.m. / EDT

  First distribution of the original study: July 30, 2025 / 2:07 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of €68 following the company's earnings release. At first glance, the second quarter was strong, wrote Jose M. Asumendi in a study released Wednesday. The cash position after the first half of the year was impressive. However, the targets for the passenger car and van divisions were reduced due to tariff effects./rob/tih/ajx

  Publication of the original study: July 30, 2025 / 6:37 a.m. / BST

  First distribution of the original study: July 30, 2025 / 6:37 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Jefferies maintains Mercedes-Benz on 'Hold' - Target 55 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Mercedes-Benz after the company's earnings release, with a price target of €55. The second quarter will bring certainty in terms of cash returns, Philippe Houchois wrote in a study released Wednesday. The targets for the core divisions were reduced due to tariffs, but more significantly in the van segment than in the passenger car sector./rob/tih/ajx

  Publication of the original study: July 30, 2025 / 1:49 a.m. / Time zone not specified in the study

  First distribution of the original study: July 30, 2025 / 1:49 a.m. / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Bernstein lowers Mercedes-Benz target to 55 euros - 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has lowered its price target for Mercedes-Benz from €57 to €55 and maintained its rating at "Market-Perform." Free cash flow significantly exceeded expectations in the second quarter, but will be significantly lower in the second half of the year due to investments, Stephen Reitman wrote in a study released Thursday. Mercedes is moving in the right direction with its product range and cost reductions, but the situation in China remains challenging, and demand for premium vehicles remains limited. There are few signs that the difficult phase for the group will soon end./tih/mis

  Publication of the original study: July 30, 2025 / 9:25 p.m. / UTC First distribution of the original study: July 31, 2025 / 4:10 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyser) - The US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of 68 euros. In response to the automaker's second-quarter figures, it has significantly reduced its earnings (EPS) forecasts for 2025 and 2026, Jose M. Asumendi wrote in a study released Thursday./rob/edh/mis

  Publication of the original study: July 30, 2025 / 10:07 a.m. / BST

  First distribution of the original study: July 30, 2025 / 10:07 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  UBS raises target for Mercedes-Benz to 56 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Mercedes-Benz from €52 to €56 following second-quarter results, but left the rating at "neutral." Patrick Hummel wrote in a study released Wednesday that the results were not good enough to spark enthusiasm. The negative market reaction was likely due, among other things, to the automaker's somewhat disappointing volume forecasts./rob/bek/zb

  Publication of the original study: July 30, 2025 / 6:02 PM / GMT

  First distribution of the original study: July 30, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Bernstein maintains Mercedes-Benz at 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Market-Perform" with a price target of €57 following its quarterly results. Free cash flow was unexpectedly strong, wrote Stephen Reitman in an initial reaction released Wednesday. Given the high level of uncertainty in the past quarter, the automaker's figures should provide some relief. The new annual outlook contains no surprises./edh/mis

  Publication of the original study: July 30, 2025 / 6:25 a.m. / UTC

  First distribution of the original study: July 30, 2025 / 6:25 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  UBS maintains 'Neutral' rating on Mercedes-Benz - Target: €52

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Mercedes-Benz at "Neutral" with a price target of €52 following its quarterly results. The automaker's results slightly exceeded the recently lowered market forecasts, Patrick Hummel wrote in an initial reaction released Wednesday. The annual outlook was slightly disappointing, but appears conservative./rob/edh/ajx

  Publication of the original study: July 30, 2025 / 5:46 a.m. / GMT

  First distribution of the original study: July 30, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Warburg Research maintains 'Buy' rating on Mercedes-Benz - target €60

  HAMBURG (dpa-AFX Analyser) - The analyst firm Warburg Research has maintained its "Buy" rating for Mercedes-Benz after the company's earnings release, with a price target of €60. The automaker has refined its targets due to lower sales volume and the impact of tariffs, wrote Marc-Rene Tonn in a study released Wednesday. Overall, this is not unexpected. The second-quarter results were in line with the consensus but exceeded its own estimates./rob/tih/men

  Publication of the original study: July 30, 2025 / 8:15 a.m. / Time zone not specified in the study

  First distribution of the original study: Date not specified in the study / Time not specified in the study / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 16, 2025

  RBC raises target for Mercedes-Benz to 73 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has raised its price target for Mercedes-Benz from €71 to €73 and maintained its rating at "Outperform." Among EU automakers, BMW, Ferrari, and Mercedes-Benz are best positioned, wrote Tom Narayan in his outlook for the reporting season published Thursday. While the second quarter could put pressure on the Stuttgart-based company, expectations for 2026 are too low./ag/ck

  Publication of the original study: July 16, 2025 / 5:33 p.m. / EDT

  First distribution of the original study: July 17, 2025 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 1, 2025

  UBS leaves Mercedes-Benz at 'Neutral' - Target 50 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Mercedes-Benz with a price target of €50. At a pre-announcement event for the upcoming quarterly results, the Stuttgart-based company sounded cautious with regard to its automotive business, Patrick Hummel wrote in his outlook published on Tuesday. Consensus estimates for the annual operating result (EBIT) are expected to decline by 5 to 10 percent. Accordingly, Hummel expects a negative share price reaction. This could have a negative impact on BMW; However, the expert emphasized that he does not expect the Munich-based company's EBIT in the automotive business to be disappointing./rob/gl/bek

  Publication of the original study: July 1, 2025 / 5:38 a.m. / GMT

  First distribution of the original study: July 1, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 1, 2025

  RBC maintains Mercedes-Benz at 'Outperform' - Target 71 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Mercedes-Benz at "outperform" with a price target of €71. In an industry study released Tuesday, analyst Tom Narayan examined a scenario in which US auto tariffs are reduced from 25 to 10 percent. In this case, it appears as if General Motors and Mercedes-Benz would benefit the most among global automakers. Investors are increasingly convinced that a solution will be found on July 9 – possibly with the European Union. In September, some then assumed deals with other countries such as Mexico or South Korea./tih/stw

  Publication of the original study: July 1, 2025 / 12:12 PM / EDT

  First distribution of the original study: July 1, 2025 / 12:12 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 1, 2025

  UBS raises target for Mercedes-Benz to 52 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Mercedes-Benz from 50 to 52 euros, but left its rating at "neutral." Import tariffs are likely to have had a less significant impact on the European auto industry in the second quarter than initially feared, wrote Patrick Hummel in a sector outlook for the reporting season published Wednesday. The expert raised its estimates for global vehicle production in 2025 and 2026./bek/ag

  Publication of the original study: July 1, 2025 / 7:20 PM / GMT

  First distribution of the original study: July 1, 2025 / 7:20 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 1, 2025

  Warburg Research lowers target for Mercedes-Benz to 60 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has lowered its price target for Mercedes-Benz from €71 to €60, but maintained its "Buy" rating. The automaker's second quarter is likely to have been impacted by tariffs, analyst Marc-Rene Tonn wrote in a study released Tuesday. The same applies to the outlook for the full year./rob/mf/gl

  Publication of the original study: July 1, 2025 / 8:15 a.m. / Time zone not specified in the study. First distribution of the original study: Date not specified in the study / Time not specified in the study / Time zone not specified in the study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  Jefferies maintains Mercedes-Benz on 'Hold' - Target 55 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained a "Hold" rating on Mercedes-Benz with a price target of €55. For the second quarter, the Stuttgart-based company had previously forecast a margin in the auto business at the lower end of its target range of 6 to 8 percent, excluding tariff effects, Philippe Houchois wrote in his outlook published on Tuesday. This figure is below his forecast, but better than the market had feared. Houchois lowered his annual estimates, which were last revised at the end of May./rob/gl/ag

  Publication of the original study: June 30, 2025 / 4:55 p.m. / Time zone not specified in the study. First distribution of the original study: June 30, 2025 / 4:55 p.m. / Time zone not specified in the study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  RBC maintains Mercedes-Benz at 'Outperform' - Target 71 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Mercedes-Benz at "Outperform" with a price target of €71 following an analyst briefing ahead of the company's upcoming second-quarter results. Overall, the comments were consistent with those made at previous investor events, Tom Narayan wrote in a report released Monday. The most important finding is that the analyst consensus

  for the automotive margin in the second quarter could be too high./rob/tih/zb/ck

  Publication of the original study: June 30, 2025 / 2:12 PM / EDT

  First distribution of the original study: June 30, 2025 / 2:12 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-

  afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of 68 euros following an analyst briefing on the upcoming quarterly figures. Jose Asumendi wrote in a study released Monday that he expects consolidated revenue of €33.4 billion and an operating result (EBIT) of €1.9 billion in the second quarter./rob/tih

  Publication of the original study: June 30, 2025 / 8:43 PM / BST

  First distribution of the original study: June 30, 2025 / 8:51 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  RBC maintains Mercedes-Benz at 'Outperform' - Target 71 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC maintained its rating for Mercedes-Benz at "outperform" with a price target of €71 following an analyst briefing ahead of the company's upcoming second-quarter results. Overall, the statements were consistent with those made at previous investor events, Tom Narayan wrote in a report released Monday. The most important finding is that the analyst consensus for the automotive margin in the second quarter appears to be too low./rob/tih/zb

  Publication of the original study: June 30, 2025 / 2:12 PM / EDT

  First distribution of the original study: June 30, 2025 / 2:12 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  Bernstein maintains Mercedes-Benz at 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - Following an analyst briefing ahead of the company's upcoming second-quarter results, US analyst Bernstein Research maintained its rating for Mercedes-Benz at "Market-Perform" with a price target of €57. The market might welcome the fact that the automaker is operating within its previous targets in a difficult market environment, Stephen Reitman wrote in a study released Monday. However, given the tariff uncertainty, the share price lacks positive price drivers./tih/zb

  Publication of the original study: June 30, 2025 / 5:41 PM / UTC

  First distribution of the original study: June 30, 2025 / 5:41 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 26, 2025

  Warburg Research sees profit warning risks at Mercedes-Benz

  HAMBURG (dpa-AFX Analyst) - Mercedes-Benz is on the list of companies for which the analyst firm Warburg Research fears a profit warning for 2025. This year's "Warburg Guide to Warnings" comes at a time of heightened economic and geopolitical tensions, analyst Robert-Jan van der Horst wrote on Thursday. As the second-quarter reporting season approaches, the White House's tariff decisions for the EU are due in July, which are likely to prompt some companies to adjust their annual targets. Van der Horst lists 16 companies at risk of profit warnings and nine with potential for surprises. Mercedes is fundamentally rated "Buy" with a price target of €71./ag/edh

  Remains at "Buy" with a price target of €71. Robert-Jan van der Horst wrote this in a study published on Thursday.

  Publication of the original study: June 26, 2025 / 12:45 PM / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 17, 2025

  UBS leaves Mercedes-Benz at 'Neutral' - Target 50 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Mercedes-Benz at "Neutral" with a price target of €50. Unlike its German industry competitors, the Stuttgart-based company is cautious about its optimism regarding a possible US tariff deal, Patrick Hummel wrote on Tuesday evening after a roadshow in Switzerland. The situation has calmed down somewhat since the first signals with the quarterly report. However, a complete recovery of margins to the levels prior to Trump's tariff storm is not expected./rob/ag/gl

  Publication of the original study: June 17, 2025 / 6:18 p.m. / GMT. First distribution of the original study: June 18, 2025 / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 27, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of 68 euros following an in-house investor event on the Chinese market. In light of declining sales in China and an extremely competitive environment, the head of Mercedes-Benz China, Oliver Thoene, has presented a comprehensive plan to localize additional production and protect the company's pricing power in China, Jose Asumendi wrote in his commentary published on Wednesday./edh/ag

  Publication of the original study: May 27, 2025 / 7:32 p.m. / BST

  First distribution of the original study: May 28, 2025 / 12:15 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 27, 2025

  Bernstein leaves Mercedes-Benz on 'Market Perform' - Target 57 euros

  NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has maintained its rating for Mercedes-Benz at "Market-Perform" with a price target of €57. Daniel Roeska addressed the impact of US tariffs on the global auto industry on Tuesday. US President Trump's recent threat to the EU has again increased the risks for European automakers. However, the Japanese remain the worst affected by the tariff storm. Roeska remains optimistic about BMW in Europe due to its radical restructuring and the "New Class" platform. He also likes Ferrari and Renault./ag/gl

  Publication of the original study: May 27, 2025 / 4:02 a.m. / UTC First distribution of the original study: May 27, 2025 / 4:06 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 25, 2025

  Jefferies maintains Mercedes-Benz on 'Hold' - Target 55 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained a "Hold" rating on Mercedes-Benz with a price target of €55. At a joint event with the automaker in Asia, investors were more interested in technological advancements, increasing competition, business development in China, and the product cycle than in the US tariffs, Philippe Houchois wrote in his commentary published Monday. It reversed some of the tariff-related cuts to its estimates and now expects an annual operating profit (EBIT) of just under €9 billion, a margin of 6.4 percent, and a cash inflow of €5.2 billion./gl/ag

  Publication of the original study: May 25, 2025 / 2:32 p.m. / ET First distribution of the original study: May 25, 2025 / 2:32 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 12, 2025

  Bernstein leaves Mercedes-Benz on 'Market Perform' - Target 57 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained a "Market Perform" rating on Mercedes-Benz with a price target of €57. Electric cars are gaining ground worldwide, but at different speeds depending on geography, politics, and the development stage of the company's platforms, Daniel Roeska wrote in an industry assessment released Tuesday. Chinese manufacturers such as BYD are best positioned. European manufacturers face a more difficult path ahead, given ambitious regulatory measures, the recent decline in demand, and growing Chinese competition. Meanwhile, the Americans were caught in a dilemma of political uncertainty and fluctuating demand./gl/edh

  Publication of the original study: May 12, 2025 / 10:17 PM / UTC. First distribution of the original study: May 13, 2025 / 4:30 AM / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 1, 2025

  Bernstein lowers Mercedes-Benz target to 57 euros - 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has lowered its price target for Mercedes-Benz from €62 to €57 and maintained its rating at "Market-Perform." Strong cash flow and a higher proportion of premium vehicles were overshadowed by the lack of a binding forecast for 2025 due to uncertainties surrounding US tariff policy, analyst Stephen Reitman wrote in a study released Friday. The tariff situation is unpredictable, highly disruptive, and initially costly. However, the automaker's high shareholder returns have remained unaffected by the current turmoil for the time being.

  Publication of the original study: May 1, 2025 / 11:12 PM / UTC. First distribution of the original study: May 2, 2025 / 4:10 AM / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 1, 2025

  UBS leaves Mercedes-Benz at 'Neutral' - Target 50 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Mercedes-Benz at "Neutral" with a price target of €50. The outlook for the second half of the year is bleak unless tariff conditions change, analyst Patrick Hummel wrote on Thursday after a roadshow with the CFO in London./ag/mis

  Publication of the original study: May 1, 2025 / 8:19 PM / GMT

  First distribution of the original study: May 1, 2025 / 8:19 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 1, 2025

  Berenberg lowers target for Mercedes-Benz to 58 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Mercedes-Benz from €63 to €58 and maintained its "Hold" rating. The situation surrounding tariffs remains uncertain, analyst Romain Gourvil wrote on Friday following the automaker's quarterly figures, which were largely in line with market expectations. He reflects the burdens resulting from the tariffs in his reduced estimates for 2025 to 2027. He intends to adjust the estimates depending on how the tariffs develop./ajx/jha/

  Publication of the original study: May 1, 2025 / 3:12 PM / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  RBC lowers target for Mercedes-Benz to 71 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Mercedes-Benz from €73 to €71 following the company's earnings results and maintained its rating at "outperform." The margin achieved in the passenger car segment exceeded expectations in the first quarter, analyst Tom Narayan wrote in a report released Wednesday. As the impact of US tariffs became increasingly likely, he nevertheless reduced his estimates for the automaker this year.

  Publication of the original study: April 30, 2025 / 3:48 p.m. / EDT First distribution of the original study: April 30, 2025 / 3:48 p.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  Bernstein maintains Mercedes-Benz at 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Market-Perform" with a price target of €62. The withdrawal of the 2025 outlook due to uncertainty surrounding US tariff policy overshadowed the first-quarter results, analyst Stephen Reitman wrote in a commentary on Wednesday. Mercedes' Capital Markets Day in February is titled "Managing Transformation," but there is a great deal of uncertainty to navigate throughout the year./ajx/he

  Publication of the original study: April 30, 2025 / 5:55 a.m. / UTC First distribution of the original study: April 30, 2025 / 5:55 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  Warburg Research maintains 'Buy' rating on Mercedes-Benz - target 71 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Mercedes-Benz at "Buy" after the company's earnings release, with a price target of €71. The first quarter was solid, wrote analyst Marc-Rene Tonn in a quick assessment published Wednesday. Meanwhile, the outlook is clouded by the tariff dispute./mf/gl

  Publication of the original study: April 30, 2025 / 8:15 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  RBC maintains Mercedes-Benz at 'Outperform' - Target 73 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Mercedes-Benz at "outperform" with a price target of €73. As expected, the automaker withdrew its annual forecast in light of US tariffs, analyst Tom Narayan wrote on Wednesday after the quarterly report. Meanwhile, Mercedes exceeded expectations for operating profit (EBIT) in the first quarter./ajx/gl

  Publication of the original study: April 30, 2025 / 2:57 a.m. / EDT First distribution of the original study: April 30, 2025 / 2:57 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  Jefferies maintains Mercedes-Benz on 'Hold' - Target 55 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its "Hold" rating for Mercedes-Benz following the first-quarter figures, with a price target of €55. These figures are encouraging, as the company has had a strong start to the year, wrote analyst Philippe Houchois in an initial assessment on Wednesday. However, due to the current general uncertainty, the automaker has withdrawn its outlook./bek/gl

  Publication of the original study: April 30, 2025 / 1:34 a.m. / ET First distribution of the original study: April 30, 2025 / 1:34 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  UBS leaves Mercedes-Benz at 'Neutral' - Target 50 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Mercedes-Benz at "Neutral" with a price target of €50. The first quarter was in line with expectations, wrote analyst Patrick Hummel in his commentary on Wednesday. However, the outlook without a new quantification of tariff burdens is not helpful./ajx/gl

  Publication of the original study: April 30, 2025 / 05:39 / GMT First distribution of the original study: April 30, 2025 / 05:39 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  Jefferies maintains Mercedes-Benz on 'Hold' - Target 55 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Mercedes-Benz with a price target of €55. The automaker has presented strong key figures, wrote analyst Philippe Houchois in an initial reaction on Wednesday following the preliminary quarterly figures./ajx/la

  Publication of the original study: April 30, 2025 / 1:34 a.m. / ET First distribution of the original study: April 30, 2025 / 1:34 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of €68. The automaker's operating result (EBIT) fell slightly short of market estimates in the first quarter, but confirmed its annual targets without any potential tariff impact, analyst Jose Asumendi wrote in an initial assessment on Wednesday. Asumendi expects the group to develop measures to mitigate the tariff burden./ajx/gl

  Publication of the original study: April 30, 2025 / 6:49 PM / BST First distribution of the original study: April 30, 2025 / 6:49 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 22, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyser) - The US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of 68 euros after the Shanghai Auto Show. The product highlights presented at the trade fair are likely to contribute to higher margins for the automaker in the medium term, wrote analyst Jose Asumendi in a study published on Tuesday./edh/ck

  Publication of the original study: April 22, 2025 / 12:33 PM / GMT

  First distribution of the original study: April 22, 2025 / 1:02 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 14, 2025

  UBS lowers target for Mercedes-Benz to 50 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Mercedes-Benz from 57 to 50 euros, but left its rating at "neutral." Analyst Patrick Hummel cut his earnings estimates for European automakers by 20 to 30 percent on Monday. He now expects a decline in global auto production this year instead of the previously forecast slight growth. However, the range for actual performance is wide – this applies even more so for 2026. Hummel is focusing on defense with tire manufacturers Michelin, Continental, and Pirelli – as well as quality with strong balance sheets and strong local activities such as BMW and Autoliv./ag/bek

  Publication of the original study: April 14, 2025 / 05:54 / GMT

  First distribution of the original study: April 14, 2025 / 05:54 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 1, 2025

  Deutsche Bank maintains 'Buy' rating on Mercedes-Benz - target 100 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Mercedes-Benz with a price target of €100. The automaker's sales volumes are likely to have declined, especially in Europe and China, wrote analyst Tim Rokossa in his commentary on Tuesday regarding the Stuttgart-based company's latest signals ahead of its quarterly report. Liquidity is likely to have developed solidly./edh/ag

  Publication of the original study: April 1, 2025 / Time not specified in the study / CET

  First distribution of the original study: April 1, 2025 / 8:02 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 1, 2025

  Warburg Research maintains 'Buy' rating on Mercedes-Benz - target 71 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its "Buy" rating for Mercedes-Benz with a price target of €71. Profitability is likely to have been in line with expectations in all areas, wrote analyst Marc-Rene Tonn in his commentary published Tuesday on the Stuttgart-based company's latest signals ahead of its quarterly report at the end of April./ag/tav

  Publication of the original study: April 1, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 1, 2025

  Berenberg maintains Mercedes-Benz on 'Hold' - Target 63 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for Mercedes-Benz with a price target of €63. The signals from the capital markets day at the end of February have largely been confirmed, wrote analyst Romain Gourvil in his commentary on Tuesday on the Stuttgart-based company's last conference call before its quarterly report. Regarding margins for vans and free cash flow, they even sounded somewhat more positive./ag/tav

  Publication of the original study: April 1, 2025 / 5:28 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 31, 2025

  Bernstein leaves Mercedes-Benz on 'Market Perform' - Target 62 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Market-Perform" with a price target of €62. There were no surprises, and most questions arose regarding tariffs, wrote analyst Stephen Reitman on Monday after a conference call with the Stuttgart-based company ahead of its quarterly report at the end of April. Mercedes clarified that the announced margin impact of 100 basis points was based on an increase in US tariffs from 2.5 to 10 percent. In the current situation, it could now be extrapolated approximately linearly./ag/edh

  Publication of the original study: March 31, 2025 / 5:16 PM / UTC

  First distribution of the original study: March 31, 2025 / 5:16 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 31, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of 68 euros ahead of the carmaker's first-quarter results. He expects revenue of €34 billion and an operating result (EBIT) of €2.75 billion, wrote analyst Jose Asumendi in an outlook released on Monday.

  Publication of the original study: March 31, 2025 / 8:23 PM / BST First distribution of the original study: March 31, 2025 / 8:51 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 31, 2025

  Jefferies maintains Mercedes-Benz on 'Hold' - Target 65 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its "Hold" rating for Mercedes-Benz with a price target of €65. The automaker appears to have been largely unaffected by tariffs in the first quarter, analyst Philippe Houchois wrote in a study released Monday. All Group segments are expected to have performed within the stated targets in terms of profitability.

  Publication of the original study: March 31, 2025 / 2:45 p.m. / ET. First distribution of the original study: March 31, 2025 / 2:45 p.m. / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 13, 2025

  RBC raises target for Mercedes-Benz to 79 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Following discussions with management, Canadian bank RBC raised its price target for Mercedes-Benz from €78 to €79 and maintained its rating at "Outperform." A sustained spiral of US import tariffs and EU retaliatory tariffs would significantly burden the automaker's profits, but most investors do not expect such a scenario, wrote analyst Tom Narayan in his commentary published Friday. Recent changes in the EU regarding the industry's CO2 emissions should also have a positive impact. Management remains cautious on China, however, new products and driver assistance features could help contain market share losses. Furthermore, cost reductions and product optimizations could help push margins above 10 percent by 2027. The Stuttgart-based company is one of the few manufacturers with robust capital returns./gl/ag

  Publication of the original study: March 13, 2025 / 6:20 p.m. / EDT First distribution of the original study: March 14, 2025 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 3, 2025

  Bernstein maintains Mercedes-Benz at 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Market-Perform" with a price target of €62. The European Union's proposed extension of deadlines for achieving CO2 reductions would be helpful for most major automakers, wrote analyst Stephen Reitman in his commentary published Tuesday. The majority of new electric vehicles are expected to be launched starting in 2026. Those who have so far lagged behind in terms of electric cars, including Mercedes-Benz, are the beneficiaries./bek/ag

  Publication of the original study: March 3, 2025 / 4:00 PM / UTC

  First distribution of the original study: March 3, 2025 / 4:00 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 25, 2025

  Goldman raises target for Mercedes-Benz to 60 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Mercedes-Benz from €59 to €60, but maintained its rating at "Neutral." Analyst George Galliers adjusted his estimates on Tuesday to reflect the latest figures and the share buyback starting in May of this year./ag/gl

  Publication of the original study: February 25, 2025 / 11:19 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 24, 2025

  Deutsche Bank lowers target for Mercedes-Benz to 100 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research lowered its price target for Mercedes-Benz from €105 to €100 following the company's recent capital markets day, the annual figures released, and an information event on Friday. The rating was maintained at "Buy." While the margin for the fourth quarter of 2024 exceeded the consensus estimate, the focus was clearly on the outlook for 2025 and beyond, analyst Tim Rokossa wrote in a report released Monday. It will take some time to "polish the star," Rokossa headlined./ck/ajx

  Publication of the original study: February 24, 2025 / Time not specified in the study / CET

  First distribution of the original study: February 24, 2025 / 8:00 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 21, 2025

  Bernstein raises Mercedes-Benz target to 62 euros - 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research raised its price target for Mercedes-Benz from €60 to €62 following annual results and a capital markets day. Analyst Stephen Reitman maintained the rating at "Market-Perform" in a report released Friday. He described the investor event as a "brilliant achievement" that has made him more confident about the premium automaker's technology and products amid the industry's upheaval. Although he reduced his estimates for this year, he justified the higher price target, among other things, with the increased value of Daimler Trucks shares./tih/la

  Publication of the original study: February 21, 2025 / 10:05 / UTC First distribution of the original study: February 21, 2025 / 10:05 / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 20, 2025

  RBC maintains Mercedes-Benz at 'Outperform' - Target 78 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Mercedes-Benz at "outperform" with a price target of €78. As expected, the automaker exceeded market forecasts in the fourth quarter, analyst Tom Narayan wrote in a report released Thursday. More importantly, however, the midpoint margin range forecast for 2025 met expectations. In terms of capital returns, some in the market might have hoped for a little more./tih/edh

  Publication of the original study: February 20, 2025 / 2:14 AM / EST

  First distribution of the original study: February 20, 2025 / 2:14 AM / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 20, 2025

  Bernstein maintains Mercedes-Benz at 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Market-Perform" with a price target of €60 following the company's earnings release. The automaker slightly exceeded expectations in 2024, wrote analyst Stephen Reitman in a report released Thursday. The outlook for the new year is in line with expectations./tih/gl

  Publication of the original report: February 20, 2025 / 7:14 a.m. / UTC First distribution of the original report: February 20, 2025 / 7:14 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 20, 2025

  Goldman leaves Mercedes-Benz at 'Neutral' - Target 59 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Mercedes-Benz at "Neutral" with a price target of €59 following the company's earnings release. The automaker exceeded expectations in the fourth quarter, but the outlook suggests lower estimates, wrote analyst George Galliers in a report released Thursday. The expert is curious to see whether a capital markets day will provide more clarity on the plans for the Daimler Truck shares./tih/edh

  Publication of the original study: February 20, 2025 / 7:30 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 20, 2025

  UBS maintains 'Neutral' rating on Mercedes-Benz - Target 55 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Mercedes-Benz at "Neutral" after the company's earnings release, with a price target of €55. Analyst Patrick Hummel sees no major surprises – neither in the results nor in the outlook. However, minor downward revisions to the consensus estimate are likely for 2025, he wrote in an initial assessment released Thursday. Statements made during a capital markets day could affect share prices again later in the day./tih/edh

  Publication of the original study: February 20, 2025 / 7:25 a.m. / GMT

  First distribution of the original study: February 20, 2025 / 7:25 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 20, 2025

  Jefferies maintains Mercedes-Benz on 'Hold' - Target 60 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Mercedes-Benz after the company's earnings release, with a price target of €60. The automaker exceeded expectations in the fourth quarter, wrote analyst Philippe Houchois in a report released Thursday. The outlook for 2025, however, is pessimistic, which is not a major surprise.

  Publication of the original study: February 20, 2025 / 2:15 a.m. / ET

  First distribution of the original study: February 20, 2025 / 2:15 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 20, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - Following fourth-quarter results, US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of €68. Analyst Jose Asumendi highlighted the automaker's high cash position in an initial reaction on Thursday. The targets for the current year are in line with expectations./la/tih

  Publication of the original study: February 20, 2025 / 6:29 a.m. / GMT

  First distribution of the original study: February 20, 2025 / 6:35 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 18, 2025

  Bernstein maintains Mercedes-Benz at 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Market-Perform" with a price target of €60. Analyst Stephen Reitman addressed the automaker's upcoming capital markets day in a report released Tuesday. The board will likely be judged on how credibly the automaker will address the transformation to electromobility, he wrote./edh/tih

  Publication of the original study: February 18, 2025 / 1:12 a.m. / UTC

  First distribution of the original study: February 18, 2025 / 5:10 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 17, 2025

  Barclays maintains Mercedes-Benz at 'Underweight' - target 50 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has maintained its rating for Mercedes-Benz at "underweight" with a price target of €50. Analyst Henning Cosman expects the Stuttgart-based company to provide new medium-term targets, as well as details on cost reductions and the composition of its contribution margin, at its capital markets day on February 19. He wrote this in his outlook published on Tuesday.

  Publication of the original study: February 17, 2025 / 6:27 PM / GMT

  First distribution of the original study: February 18, 2025 / 4:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 14, 2025

  UBS maintains 'Neutral' rating on Mercedes-Benz - Target 55 euros

  ZURICH (dpa-AFX Analyser) - The Swiss major bank UBS has left its rating for Mercedes-Benz at "Neutral" with a price target of 55 euros. Analyst Patrick Hummel expects an operating profit margin (EBIT margin) in the passenger car business of six to eight percent in 2025 and 2026, and a significant decline in free cash flow this year compared to 2024. He wrote this on Friday on the occasion of the Stuttgart-based company's upcoming Capital Markets Day./ajx/he

  Publication of the original study: February 14, 2025 / 3:11 p.m. / GMT First distribution of the original study: February 14, 2025 / 3:11 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 4, 2025

  Goldman leaves Mercedes-Benz at 'Neutral' - Target 59 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Mercedes-Benz at "Neutral" with a price target of €59. In his commentary on the new US tariffs published on Tuesday, analyst George Galliers focused on the import and export data of the European auto industry. He noted that the industry remains fundamentally global in its procurement, production, and sales, so any intervention in trade is inherently negative. Stellantis, as well as BMW and VW, are particularly affected by higher tariffs on US imports from Mexico and Canada. Among suppliers, Pirelli is particularly affected. Galliers sees the greatest risk for Trump's measures against the EU in the luxury and premium sectors. However, he has not yet factored in any tariff impacts for this year./ag/tav

  Publication of the original study: February 4, 2025 / 5:01 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 3, 2025

  Bernstein maintains Mercedes-Benz at 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Market-Perform" with a price target of €60 in light of the US tariffs against Canada, Mexico, and China. Many market participants had expected tax cuts to precede any major tariff decisions, analyst Stephen Reitman wrote in a report released Monday. Price declines indicate that this new reality still needs to be considered. Due to the inflationary effect and announced retaliatory measures, he remains skeptical that the new tariffs will be permanent./tih/he

  Publication of the original study: February 3, 2025 / 2:09 PM / UTC. First distribution of the original study: February 3, 2025 / 2:09 PM / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 2, 2025

  RBC maintains Mercedes-Benz at 'Outperform' - Target 78 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Mercedes-Benz at "Outperform" with a price target of €78. According to his industry commentary released Monday, analyst Tom Narayan is optimistic about the Stuttgart-based company's performance in 2025, following unexpectedly strong performance in China in the fourth quarter./ag/mis

  Publication of the original study: February 2, 2025 / 5:46 PM / EST

  First distribution of the original study: February 2, 2025 / 5:46 PM / EST

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 30, 2025

  Goldman leaves Mercedes-Benz at 'Neutral' - Target 59 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Mercedes-Benz at "Neutral" with a price target of €59. Following a preliminary discussion with analysts about the fourth quarter, he left his forecasts for the automaker largely unchanged, wrote analyst George Galliers in a report released Thursday. Mercedes and BMW face the same challenges over the next 24 months with electric mobility in Europe and market pressure in China./edh/tih

  Publication of the original study: January 30, 2025 / 5:01 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 28, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" ahead of quarterly results, with a price target of €68. In anticipation of a strong product mix, analyst Jose Asumendi raised his margin forecast for the fourth quarter from 6 to 8 percent, wrote in an outlook released Tuesday. He is leaving his earnings estimates for 2025 unchanged, as he continues to expect increasing price pressure, particularly in the China business./edh/tih

  Publication of the original study: January 28, 2025 / 7:58 a.m. / GMT

  First distribution of the original study: January 28, 2025 / 8:06 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 28, 2025

  Deutsche Bank Research maintains 'Buy' rating on Mercedes-Benz

  FRANKFURT (dpa-AFX Analyser) - Deutsche Bank Research has maintained its rating for Mercedes-Benz at "Buy" with a price target of 105 euros. The strong product mix expected for the fourth quarter is likely to result in the operating profit margin (EBIT margin) exceeding the previously forecast range of six to seven percent, wrote analyst Tim Rokossa in a study released Tuesday./ajx/mis

  Publication of the original study: January 28, 2025 / Time not specified in study / CET

  First distribution of the original study: January 28, 2025 / 08:10 / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  Bernstein maintains Mercedes-Benz at 'Market Perform'

  NEW YORK (dpa-AFX Analyst) - Following a preliminary discussion with analysts about the fourth quarter, US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Market-Perform" with a price target of €60. The automaker likely performed stronger than expected toward the end of the year, analyst Stephen Reitman wrote in a study released Tuesday. The tone during the conference call was positive./ajx/tih

  Publication of the original study: January 27, 2025 / 6:37 PM / UTC

  First distribution of the original study: January 27, 2025 / 6:37 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  Jefferies maintains Mercedes-Benz on 'Hold' - Target 60 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained a "Hold" rating on Mercedes-Benz <DE0007100000> with a price target of €60. Following Renault and Volkswagen, the Stuttgart-based company is the second automaker to hold a constructive pre-close call last week in anticipation of the upcoming release of its financial results, analyst Philippe Houchois wrote in an initial reaction on Monday./gl/he/mis/tih

  Publication of the original study: January 27, 2025 / 2:32 p.m. / ET First distribution of the original study: January 27, 2025 / 2:32 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  Jefferies maintains Mercedes-Benz on 'Hold' - Target 60 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained a "Hold" rating on Mercedes-Benz with a price target of €60. Following Renault and Volkswagen last week, the Stuttgart-based company is another automaker to present encouraging preliminary figures, analyst Philippe Houchois wrote in an initial reaction on Monday.

  Publication of the original study: January 27, 2025 / 2:32 p.m. / ET First distribution of the original study: January 27, 2025 / 2:32 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 21, 2025

  Berenberg lowers Mercedes-Benz to 'Hold' - target at 63 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has downgraded Mercedes-Benz from "Buy" to "Hold" and lowered its price target from €70 to €63. "Conditions remain dangerous," wrote analyst Romain Gourvil in his 2025 outlook for the automotive industry, published Wednesday. The hoped-for sales recovery will take longer than expected. Concerns about escalating trade tensions between the EU, the US, and China are just the latest tip of the iceberg of bad news. Ultimately, investors still need to be convinced that the strong momentum in model launches will truly improve the product mix in the short term. This is one of the main reasons why Gourvil is now focusing on BMW instead of Mercedes-Benz as before./ag/bek

  Publication of the original study: January 21, 2025 / 5:24 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 16, 2025

  Bernstein lowers Mercedes-Benz to 'Market-Perform' - Target 60 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has downgraded Mercedes-Benz from "Outperform" to "Market-Perform" in its sector outlook for 2025. Analyst Stephen Reitman lowered the price target from €72 to €60 in a study released Thursday. In the European automotive sector, some stocks offer hefty returns, while others should be avoided by investors. His "Top Pick" is Ferrari, complemented by his other recommendations for BMW, Renault, and Aston Martin. He maintains a wait-and-see stance on Mercedes-Benz. Management still needs to demonstrate that the strategy works in the area of electric drives./tih/bek

  Publication of the original study: January 16, 2025 / 00:19 / UTC

  First distribution of the original study: January 16, 2025 / 05:03 / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 14, 2025

  Goldman lowers Mercedes-Benz to 'Neutral' - Target 59 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has downgraded Mercedes-Benz from "Buy" to "Neutral" and lowered its price target from €63 to €59. Uncertainty regarding sales in the Stuttgart-based company's top luxury segment suggests a pause, George Galliers wrote in his analysis published Tuesday. Profit development in the passenger car business is currently negative anyway. However, the Capital Markets Day in February offers an opportunity for reclassification./ag/bek

  Publication of the original study: January 14, 2025 / 5:05 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 12, 2025

  UBS maintains 'Neutral' rating on Mercedes-Benz - Target 55 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Mercedes-Benz at "Neutral" with a price target of €55 in an industry outlook for the fourth-quarter reporting season. The end of the year may have turned out somewhat better than feared, wrote analyst Patrick Hummel in a study published Monday. Some figures from the industry could be a positive surprise thanks to a strong demand trend. He named Mercedes-Benz, Volkswagen, and Renault as potential candidates among the automakers. He sees BMW, Stellantis, and Porsche AG as being in line with expectations./tih/bek

  Publication of the original study: January 12, 2025 / 8:49 PM / GMT

  First distribution of the original study: January 12, 2025 / 8:49 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 12, 2025

  Barclays raises target for Mercedes-Benz to 50 euros - 'Underweight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has raised its price target for Mercedes-Benz from €48.50 to €50, but maintained its rating at "underweight." Analyst Henning Cosman raised his margin forecast for the fourth quarter in his commentary published on Monday due to the Stuttgart-based company's improved business mix. However, the outlook at the capital markets day in mid-February will be crucial. And for 2025 and 2026, it is below the market consensus, and for 2026, even by 10 percent./ag/bek

  Publication of the original study: January 12, 2025 / 10:13 PM / GMT

  First distribution of the original study: January 13, 2025 / 4:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 10, 2025

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of €68. The automaker's outlook for margins in 2025 will be crucial, analyst Jose Asumendi wrote on Friday ahead of the Stuttgart-based company's quarterly report scheduled for February. He expects the auto business to grow by 6 to 8 percent. Mercedes should also forecast 8 percent to remain competitive in the medium term./ajx/zb

  Publication of the original study: January 10, 2025 / 8:22 a.m. / GMT First distribution of the original study: January 10, 2025 / 8:29 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 6, 2024

  Bernstein maintains Mercedes-Benz at 'Outperform' - Target 72 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Outperform" with a price target of €72. After 40 years as an expert in the automotive industry, Stephen Reitman wrote in his analysis published Friday that he can hardly remember the last time there was such a "perfect storm" of challenges and uncertainties. Electrification, which has caught most auto giants off guard, with fluctuating demand and the lead they had to cede to Chinese challengers and Tesla, is creating a different situation this time. They have simply overturned many of the things they had taken for granted since the first Ford Model T in 1908. However, BMW and Renault demonstrated the greatest flexibility among the veterans. Mercedes, VW, and Porsche still have to prove themselves./ag/nas

  Publication of the original study: December 6, 2024 / 1:36 a.m. / UTC

  First distribution of the original study: December 6, 2024 / 5:10 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 5, 2024

  Jefferies downgrades Mercedes-Benz to 'Hold' - BMW now favorite

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies is changing its favorite among German premium automakers: Analyst Philippe Houchois is downgrading Mercedes-Benz shares from "Buy" to "Hold" and lowering his price target from €73 to €60. Meanwhile, in his re-evaluation published Friday, he recommends BMW as a buy. The Munich-based company's spending has peaked this year, while the Stuttgart-based company needs to reposition itself and invest cash. Cash returns have been the highlight of Mercedes' investment story. Now, they will be more on par with BMW in terms of cash flow./ag/gl

  Publication of the original study: December 5, 2024 / 6:10 p.m. / ET First distribution of the original study: December 5, 2024 / 7:00 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 3, 2024

  UBS downgrades Mercedes-Benz to 'Neutral' - target down to 55 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has downgraded Mercedes-Benz from "Buy" to "Neutral" and lowered its price target from €72 to €55. While the Stuttgart-based company continues to offer an attractive dividend story, analyst Patrick Hummel wrote in his new assessment on Tuesday, pressure on auto margins continues. His new top favorite is BMW./ag/gl

  Publication of the original study: December 3, 2024 / 4:09 a.m. / GMT First distribution of the original study: December 3, 2024 / 4:09 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 28, 2024

  Bernstein maintains Mercedes-Benz at 'Outperform' - Target 72 euros

  NEW YORK (dpa-AFX Analyst) - Following the US analyst firm's industry conference in Paris, Bernstein Research maintained its "Outperform" rating on Mercedes-Benz with a price target of €72. Neither BMW nor Renault were willing to comment on the 2025 outlook, while Aston Martin expressed confidence in returning to cash flow, analyst Harry Martin wrote in a report released Friday. Mercedes-Benz expects an overall positive product mix, while Volkswagen remains concerned about overcapacity and an even weaker European market. Of the suppliers, Continental expressed positive views on the coming year, while Valeo did not comment on its outlook due to market uncertainty./gl/tih

  Publication of the original study: November 28, 2024 / 8:48 p.m. / UTC

  First distribution of the original study: November 29, 2024 / 5:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 26, 2024

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of €68. 2025 will be characterized by low global production growth, trade tensions, slow electrification, and market share gains by Chinese manufacturers, wrote analyst Jose Asumendi in his annual outlook for the auto industry published Wednesday. Investors are likely to continue to focus on strong cash inflows that will allow for dividends and share buybacks. These can be found primarily at car and truck manufacturers and tire companies. Mercedes-Benz will set targets at the Capital Markets Day in the first quarter that will also be relevant for other premium manufacturers such as Audi and BMW./ag/tih

  Publication of the original study: November 26, 2024 / 11:02 PM / GMT

  First distribution of the original study: November 27, 2024 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 22, 2024

  Bernstein maintains Mercedes-Benz at 'Outperform' - Target 72 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Outperform" with a price target of €72. "Beautiful tariffs" would be a guiding principle of Trump's economic policy, wrote analyst Stephen Reitman in his commentary on the European auto industry published Friday. They would be noticeable, but not overwhelming. Overall, only a manageable share of German manufacturers' sales, 10 to 15 percent, is affected by tariffs. And so far, little has been heard about the offsetting effect of exports. BMW, for example, exports more from the US than it imports. Ultimately, the level of tariffs remains the big unknown./ag/tih

  Publication of the original study: November 22, 2024 / 00:50 / UTC

  First distribution of the original study: November 22, 2024 / 05:10 / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 10, 2024

  Berenberg maintains 'Buy' rating on Mercedes-Benz - target 70 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Mercedes-Benz with a price target of €70. With Donald Trump's victory in the US presidential election, the risk of rising US import tariffs on European cars is increasing, wrote analyst Romain Gourvil in his industry commentary published on Monday. German manufacturers would be most affected, while import tariffs on vehicles from Mexico would burden Stellantis the most. Renault, on the other hand, is not represented in the US market and would therefore not be directly affected./edh/ag

  Publication of the original study: November 10, 2024 / 11:07 AM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  Jefferies lowers target for Mercedes-Benz to 73 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has lowered its price target for Mercedes-Benz from €75 to €73 following a meeting with CFO Harald Wilhelm, among others. Analyst Philippe Houchois made adjustments in a report published Wednesday following the third-quarter figures, including with regard to the company's business in China. However, the analyst maintained the rating at "Buy." The free cash flow outlook suggests that the automaker remains in a position to finance the current industry transformation itself and combine this with attractive shareholder returns./tih/he

  Publication of the original study: October 30, 2024 / 11:34 AM / ET. First distribution of the original study: October 30, 2024 / 11:34 AM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 28, 2024

  RBC maintains Mercedes-Benz at 'Outperform' - Target 78 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its "Outperform" rating on Mercedes-Benz with a price target of €78. Following a significant decline in revenue per vehicle sold in the third quarter, investors are concerned that the automaker is at the beginning of a deflationary cycle, not only in China, analyst Tom Narayan wrote in a study released Monday. He himself is now more cautious than before with a view to 2025.

  Publication of the original study: October 28, 2024 / 12:42 PM / EDT First distribution of the original study: October 28, 2024 / 12:42 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 27, 2024

  Berenberg lowers target for Mercedes-Benz to 70 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Mercedes-Benz from €75 to €70, but maintained its "Buy" rating. The Stuttgart-based company's margins were weak, wrote analyst Romain Gourvil in his reaction to the quarterly report published on Monday. However, cash flow is still holding up quite well./ag/ajx

  Publication of the original study: October 27, 2024 / 2:15 p.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 25, 2024

  Warburg Research maintains 'Buy' rating on Mercedes-Benz - target 71 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its "Buy" rating for Mercedes-Benz following its quarterly results, with a price target of €71. The automaker's key performance indicators missed its forecasts, wrote analyst Marc-Rene Tonn in an initial response released Friday. However, business performance should improve in the current fourth quarter./edh/mf

  Publication of the original study: October 25, 2024 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 25, 2024

  UBS maintains 'Buy' rating on Mercedes-Benz - target 72 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Mercedes-Benz following its quarterly results, with a price target of €72. Profitability in the automotive division was in line with its forecast but missed the consensus estimate, wrote analyst Patrick Hummel in an initial reaction released Friday. However, free cash flow was solid, and the Stuttgart-based company's improved outlook for the fourth quarter was confirmed./edh/zb

  Publication of the original study: October 25, 2024 / 5:47 a.m. / GMT

  First distribution of the original study: October 25, 2024 / 5:47 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 25, 2024

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of €68. At first glance, analyst Jose Asumendi attested to the carmaker's robust free cash flow in a study released Friday, against the backdrop of a challenging environment. The stable development in the van business and the mobility segment partially offset the margin decline in the automotive division./tih/zb

  Publication of the original study: October 25, 2024 / 6:41 a.m. / BST

  First distribution of the original study: October 25, 2024 / 6:46 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 20, 2024

  RBC lowers target for Mercedes-Benz to 78 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has lowered its price target for Mercedes-Benz from €79 to €78 and maintained its rating at "Outperform." Sentiment for the automotive sector is poor, and for good reason, wrote analyst Tom Narayan in an industry report released Monday. Four major manufacturers have recently issued four clear profit warnings for the current year. One must ask whether a deflationary environment is now emerging following the price increases following the coronavirus pandemic. Based on the consensus estimates for Mercedes-Benz, BMW, Stellantis, and VW, there is still downside potential for 2025./bek/zb

  Publication of the original study: October 20, 2024 / 5:40 PM / EDT

  First distribution of the original study: October 20, 2024 / 5:40 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 11, 2024

  Goldman maintains 'Buy' rating on Mercedes-Benz - target 65 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Mercedes-Benz ahead of third-quarter results, with a price target of €65. The automaker's results are likely to be rather weak, analyst George Galliers wrote in a report released Monday. Looking ahead to future business development, the key factor will be getting the business with high-priced models back on track. This has recently suffered primarily from weakness in China./mis/zb

  Publication of the original study: October 11, 2024 / 6:56 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 11, 2024

  JPMorgan maintains Mercedes-Benz at 'Overweight' - target 68 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Mercedes-Benz at "Overweight" with a price target of €68. Analyst Jose Asumendi expects third-quarter sales of €35.6 billion with a margin of 7.7 percent. He wrote this on Friday in his outlook for the report scheduled for October 25./ag/tih

  Publication of the original study: October 11, 2024 / 11:38 AM / BST

  First distribution of the original study: October 11, 2024 / 11:38 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 6, 2024

  UBS lowers target for Mercedes-Benz to 72 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Mercedes-Benz from €78 to €72, but maintained its "Buy" rating. In an analysis released Monday, Patrick Hummel expects the outlook for the automotive industry to continue to deteriorate. Therefore, further profit warnings are likely in the sector. He reduced his earnings per share estimates for 2025 by an average of 15 to 20 percent. In general, however, it seems as if a lot has already been priced in. Despite the short-term skepticism, he maintains his buy recommendation for Mercedes-Benz./tih/ag

  Publication of the original study: October 6, 2024 / 7:29 PM / GMT

  First distribution of the original study: October 6, 2024 / 7:29 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 25, 2024

  RBC maintains Mercedes-Benz at 'Outperform' - Target 79 euros

  NEW YORK (dpa-AFX Analyst) - The Canadian bank RBC has left Mercedes-Benz at "Outperform" with a price target of 79 euros. Even based on its estimates, which are conservative compared to the company's recent statements, the automaker could distribute an additional 10 percent of its market capitalization to shareholders in 2025 and 2026, analyst Tom Narayan wrote in a study published Thursday./gl/men

  Publication of the original study: September 25, 2024 / 9:55 p.m. / EDT First distribution of the original study: September 25, 2024 / 9:55 p.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 23, 2024

  Berenberg maintains 'Buy' rating on Mercedes-Benz - target 75 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Buy" rating on shares of automaker Mercedes-Benz with a price target of €75. At a Berenberg conference with German companies, CFO Harald Wilhelm spoke honestly about the current challenges following the recent profit warning, but also about future opportunities, wrote analyst Romain Gourvil in his commentary published on Tuesday.

  Publication of the original study: September 23, 2024 / 4:43 p.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 23, 2024

  Warburg Research lowers target for Mercedes-Benz - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has lowered its price target for Mercedes-Benz from €93 to €71, but maintained its "Buy" rating. Analyst Marc-Rene Tonn adjusted his valuation model in his commentary published Monday to reflect the Stuttgart-based company's profit warning. However, the stock valuation remains attractive./ag/ajx

  Publication of the original study: September 23, 2024 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 23, 2024

  Deutsche Bank lowers target for Mercedes-Benz to 105 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has lowered its price target for Mercedes-Benz from €125 to €105, but maintained its "Buy" rating. The automaker is under pressure, wrote analyst Tim Rokossa in his commentary on the profit warning on Monday due to weaker demand from China./ajx/ag

  Publication of the original study: September 23, 2024 / Time not specified in study / CET

  First distribution of the original study: September 23, 2024 / 8:02 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 22, 2024

  Jefferies lowers target for Mercedes-Benz to 75 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - Following the profit warning, analyst Jefferies lowered its price target for Mercedes-Benz from €90 to €75, but maintained its "Buy" rating. The revised forecast appears to be primarily driven by market trends, but it also raises questions about the company's strategy, wrote analyst Philippe Houchois in his commentary published on Monday. While he significantly reduced his estimates in light of the comments from China, he remains optimistic about shareholder returns. These remained the core of the investment approach./tih/ag

  Publication of the original study: September 22, 2024 / 3:09 PM / ET

  First distribution of the original study: September 22, 2024 / 3:09 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 20, 2024

  Goldman lowers target for Mercedes-Benz to 65 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has cut its price target for Mercedes-Benz from €87 to €65, but maintained its "Buy" rating. Analyst George Galliers significantly reduced his estimates for the Stuttgart-based company on Friday evening following the automaker's profit warning. He said the weakening of the important Chinese sales market is undermining the luxury strategy. Galliers eagerly awaits its fourth-quarter strategy update./ag/ajx

  Publication of the original study: September 20, 2024 / 7:33 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 20, 2024

  JPMorgan lowers target for Mercedes-Benz to 68 euros - 'Overweight'

  NEW YORK (dpa-AFX Analyst) - Following the profit warning, US bank JPMorgan lowered its price target for Mercedes-Benz from €78 to €68, but maintained its "overweight" rating. Analyst Jose Asumendi cut his earnings expectations by a fifth in his response released Friday. However, he expects the automaker to present a more detailed plan to maintain the automotive margin in the range of 8 to 10 percent in fiscal year 2025./tih/ag

  Publication of the original study: September 20, 2024 / 8:16 a.m. / BST

  First distribution of the original study: September 20, 2024 / 8:16 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 20, 2024

  Bernstein maintains Mercedes-Benz at 'Outperform' - Target 80 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Outperform" with a price target of €80. Analyst Stephen Reitman wrote in a report released Friday that the automaker has now issued its next profit warning in the automotive sector due to its China business. He emphasized that the Stuttgart-based company cannot attribute the problems to a specific technical issue. Unlike BMW, Mercedes has not yet made any new statements regarding its business from 2025 onwards./tih/la

  Publication of the original study: September 20, 2024 / 8:05 a.m. / UTC First distribution of the original study: September 20, 2024 / 8:05 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 19, 2024

  RBC maintains Mercedes-Benz at 'Outperform' - Target €87

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Mercedes-Benz after lowering its outlook to "outperform" with a price target of €87. Although some investors had already expected a profit warning, the news was a negative surprise due to its magnitude and the lack of prior warnings, analyst Tom Narayan wrote in a report released Friday. A profit warning from competitor BMW specifically referred to a supplier problem, but at Mercedes, the situation is now more ambiguous, with a general weakness in China./tih/la

  Publication of the original study: September 19, 2024 / 10:54 p.m. / EDT First distribution of the original study: September 19, 2024 / 10:54 p.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 19, 2024

  UBS maintains 'Buy' rating on Mercedes-Benz - target 78 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Mercedes-Benz with a price target of €78 following a profit warning. The pricing situation and product mix in the Chinese market led to significant declines in the profitability of the automotive business, analyst Patrick Hummel wrote in a study published Friday. The severity of the warning is likely to raise concerns among investors. It is questionable what impact this will have on the use of capital./tih/la

  Publication of the original study: September 19, 2024 / 10:04 PM / GMT

  First distribution of the original study: September 19, 2024 / 10:04 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 19, 2024

  Jefferies maintains 'Buy' rating on Mercedes-Benz - target €90

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its "Buy" rating for Mercedes-Benz with a price target of €90. Stormy weather conditions prevailed for the automaker, wrote analyst Philippe Houchois in a report released Friday. While lowered targets would not come as a surprise, their extent certainly would./tih/la

  Publication of the original study: September 19, 2024 / 6:30 p.m. / ET

  First distribution of the original study: September 19, 2024 / 6:30 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 19, 2024

  Goldman maintains Mercedes-Benz 'Buy' - Target 87 euros

  NEW YORK (dpa-AFX Analyst) - Following the massive profit warning, US investment bank Goldman Sachs initially maintained its rating for Mercedes-Benz at "Buy" with a price target of €87. While valuations in the auto industry already reflect some investor skepticism, analyst George Galliers wrote in his commentary published Friday, the extent of the target reduction may come as a surprise, given that the Stuttgart-based company was still reasonably confident at the end of July. Discussions with investors have revealed growing concern about China, where German automakers' profits are now likely trapped in a downward trend./ag/la

  Publication of the original study: September 19, 2024 / 10:50 PM / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 13, 2024

  UBS lowers target for Mercedes-Benz to 78 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Mercedes-Benz from €85 to €78, but maintained its "Buy" rating. Following BMW's profit warning, is the market now too pessimistic about the German automaker's business in China? Analyst Patrick Hummel addressed this question in his industry commentary published on Friday. The expert is particularly optimistic about the premium segment, particularly due to greater pricing discipline and greater innovative strength. With lower estimates, Mercedes appears somewhat more attractive than BMW. He recommends continuing to sell VW shares./ag/tih

  Publication of the original study: September 13, 2024 / 3:09 a.m. / GMT

  First distribution of the original study: September 13, 2024 / 3:09 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 6, 2024

  Bernstein maintains Mercedes-Benz at 'Outperform' - Target 80 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Outperform" with a price target of €80. Analyst Daniel Roeska examined the electric vehicle market in the US in an industry study released Friday. After rapid growth over the past three years, the market is now beginning to slow, with Tesla steadily losing market share since 2021, while Ford and GM have gained ground. European manufacturers also gained market share by 2024, but only BMW managed to increase sales or market share in the first eight months of this year./ajx/ag/mis

  Publication of the original study: September 6, 2024 / 8:19 a.m. / UTC

  First distribution of the original study: September 6, 2024 / 8:19 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 4, 2024

  UBS maintains 'Buy' rating on Mercedes-Benz - target 85 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Mercedes-Benz with a price target of €85. It remains to be seen whether the tax incentives planned for electric cars in Germany will apply primarily to company cars or to all buyers, wrote analyst Patrick Hummel in a study published Wednesday following recent statements by German Economics Minister Robert Habeck. He also wonders whether Germany will begin to differentiate between electric vehicles manufactured in the EU, as France and Italy do. However, he considers this unlikely./ck/ajx

  Publication of the original study: September 4, 2024 / 7:21 a.m. / GMT

  First distribution of the original study: September 4, 2024 / 7:21 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2024

  Jefferies lowers target for Mercedes-Benz to 90 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has lowered its price target for Mercedes-Benz from €100 to €90 and maintained its rating at "Buy." The details of the European Union's 2025 CO2 targets are more challenging than initial announcements had suggested, analyst Philippe Houchois wrote in a report released Wednesday. It is still difficult to say who will and will not meet these targets, but Stellantis is best positioned and Volkswagen worst. Houchois intends to further assess compliance with the targets and the associated impacts. Regardless, he reduced his estimates for BMW and Mercedes-Benz./tih/ck

  Publication of the original study: September 3, 2024 / 7:06 a.m. / ET

  First distribution of the original study: September 3, 2024 / 7:06 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2024

  RBC maintains Mercedes-Benz at 'Outperform' - Target €87

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Mercedes-Benz at "Outperform" with a price target of €87. One reason for the Stuttgart-based automaker's strength in the second half of the year implied by the company's forecast is the expected higher sales, which will be boosted by improved availability of the E-Class and GLC, wrote analyst Tom Narayan in a study published Tuesday. Both models had limited availability in the first quarter due to supply issues. The product mix will also have a positive impact, as the availability of top-of-the-line models increases./la/jha/

  Publication of the original study: September 3, 2024 / 12:41 PM / EDT First distribution of the original study: September 3, 2024 / 12:41 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 2, 2024

  Bernstein maintains Mercedes-Benz at 'Outperform' - Target 80 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Mercedes-Benz at "Outperform" with a price target of €80. In an industry study released Tuesday, a team of analysts led by Alexander Irving examined the highly complex supply chains in the automotive sector, which account for 15 percent of the profits of major logistics companies. The European Union is the "giant in the sector" and is currently undergoing a transition to electromobility. Rapidly rising logistics costs and the ever-present risk of disruptions have prompted some automakers to radically rethink their supply chains./tih/mis

  Publication of the original study: September 2, 2024 / 8:35 p.m. / UTC

  First distribution of the original study: September 3, 2024 / 5:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 28, 2024

  UBS maintains 'Buy' rating on Mercedes-Benz - target 85 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "Buy" rating on Mercedes-Benz with a price target of €85. Earnings momentum in the automotive sector is likely to remain negative in the coming quarters, except for tire manufacturers, wrote analyst Patrick Hummel in an industry report published Wednesday. Despite the share price declines, it is still too early for a more positive outlook. His preferred manufacturer, Mercedes-Benz, is favored by the combination of value and high cash distributions. Looking at earnings trends, Porsche AG and Stellantis have the best prospects for 2025, while the outlook for Volkswagen is the bleakest. Stellantis is one of his favorites, also due to the sharp drop in its share price./gl/lew

  Publication of the original study: August 28, 2024 / 7:15 a.m. / GMT First distribution of the original study: August 28, 2024 / 7:15 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 26, 2024

  RBC lowers target for Mercedes-Benz to 87 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Mercedes-Benz from €90 to €87 following the release of the company's quarterly results. The rating was left at "outperform." The automaker's full-year targets point to a strong recovery in the second half of the year, analyst Tom Narayan wrote in a report released Tuesday. He also pointed out that Mercedes has the best return on capital among EU automakers. He lowered the price target after shifting his valuation period from 2024 to 2025 and incorporating a 15 percent discount to the company's net cash position./ck/ngu

  Publication of the original study: August 26, 2024 / 5:02 PM / EDT

  First distribution of the original study: August 26, 2024 / 5:02 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 20, 2024

  UBS maintains 'Buy' rating on Mercedes-Benz - target 85 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Mercedes-Benz with a price target of €85. Profit margins for European automakers have been under pressure on several fronts, but this was partly expected, wrote analyst Patrick Hummel in an industry study released Wednesday, looking ahead to the second-quarter reporting season. The annual targets of some companies are not yet finalized./mis/ajx

  Publication of the original study: August 20, 2024 / 3:41 PM / GMT

  First distribution of the original study: August 20, 2024 / 3:41 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.