(CercleFinance.com) – The title gained nearly 2% on the Frankfurt Stock Exchange taking advantage of the day’s analysis from UBS which confirms its advice to buy the title with a price target of 90 E.
On the occasion of a strategic meeting organized on the Côte d’Azur, the German automotive group set itself the objective of generating an operating margin of around 14% by the middle of the decade, subject to ‘favourable’ market conditions.
Mercedes-Benz also said it expects its luxury vehicle sales to grow about 60 percent by 2026.
“A compelling luxury goods strategy and a widely expected 300 basis point increase in LT margin targets,” UBS said.
‘The stock is a blue-chip value, with strong short-term interest and an underweight to hedge funds,’ the analysts added.
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