Lates News

Citibank analyst wrote that the stock price of Mercedes-Benz did not show a significant reaction to the 8% decline in global car sales in the second quarter, highlighting that market expectations are very low. The bank stated, "We believe investors will wait for evidence of strong EBIT margin or stock buyback recovery before re-entering the market." The company sold 2,000 fewer cars in the second quarter compared to the first quarter, indicating that profit margins will weaken again after reporting a 4.1% in the first quarter. Truck sales increased by 1% to 94,000 units, and this sector is expected to have another strong quarter with profit margins close to 10%. Citibank rates the stock as neutral with a target price of 51 euros.