Mercedes-Benz

Mercedes‑Benz reports Q3 deliveries of 407,200 passenger cars, a decline of 8% year on year; in China sales fell by almost a third to 86,800 vehicles. Analyst Philippe Houchois affirms the buy recommendation but lowers the price target from €52 to €46; Deutsche Bank Research keeps its target at €70. Experts see risks in the China business, in the model mix and from higher raw material costs, and expect the car division's operating margin to be below the target range of 3–5%. » Więcej na deraktionaer.de

UBS lowers the price target for Mercedes-Benz Group (ex Daimler) from 50 to 45 euros but keeps the “Neutral” rating. Analyst Patrick Hummel cut profit estimates and price targets for the European auto industry due to pressure from China and expects that weak quarterly results and possible profit warnings will shift focus to risks for 2027. He consistently reduced EBIT forecasts for carmakers, also sees rising risks for suppliers, and views Continental as best positioned in the tyre business. » Więcej na finanzen.net

RBC has kept its rating for Mercedes-Benz at “Sector Perform” ahead of the quarterly results and confirmed the price target unchanged at €54. Analyst Tom Narayan expects the passenger car margin in the third quarter will likely be below the full-year forecast range of 3 to 5 percent. » Więcej na finanzen.net