Jefferies upgraded Mercedes-Benz to Buy from Hold with a price target of EUR 100, up from EUR 75. The company can “credibly commit” to return all of its cashflow to shareholders without undermining the ongoing sustainability of its business given its “protected fortress balance sheet, relatively well-invested transition strategy and a somewhat less cyclical industry,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MBGYY:
- Mercedes-Benz price target raised to EUR 125 from EUR 115 at Deutsche Bank
- Mercedes-Benz upgraded to Overweight from Equal Weight at Barclays
- Mercedes-Benz reports Q4 EPS EUR 2.99 vs EUR 3.72 last year
- Mercedes-Benz announces up to EUR 3B share buyback program
- Mercedes confirms Lewis Hamilton will exit after 2024 season