2024 - Mercedes-Benz: the title is struggling after a downgrade

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(CercleFinance.com) – The Mercedes-Benz Group share suffered one of the biggest falls in the DAX index on the Frankfurt Stock Exchange on Thursday, penalized by a note from Barclays, which lowered its recommendation from ‘overweight’ to ‘online weighting’.

Shortly before 4:00 p.m., the stock fell 2%, returning towards its annual lows, while the DAX lost 0.8%.

In a note, Barclays is concerned that after the warning issued last month by the automotive group, the prospect of an operating margin of 6% in the auto division could constitute a ‘new normal’.

‘In any case, the objective of a margin of 10% for 2025/2026 today appears out of reach,’ estimates the analyst, who accordingly lowers his price target from 76.5 to 65 euros.

Since the start of the year, Mercedes shares have lost more than 10% of their market capitalization.

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