JPMORGAN upgrades Mercedes-Benz Group to ‘overweight’

NEW YORK (dpa-AFX Analyzer) – American bank JPMorgan has left Mercedes-Benz’s rating based on March sales figures at “Overweight” with a price target of 78 euros. It then slightly revised its estimate for the carmaker on 2024 and 2025, wrote analyst Jose Asumendi in a study available on Tuesday. Operating profit (EBIT) in the car business is likely to decrease./bek/he

Publication of original research: April 16, 2024 / 6:29 pm / BST First distribution of original research: April 16, 2024 / 6:29 pm

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When the news was published, Mercedes-Benz Group shares were down -1.75 % with a rate of 74.74EUR sold on Tradegate (April 16, 2024, 8:58 pm).