Major Brokerage Ratings | Citi: Assigns Mercedes-Benz a Neutral Rating with a Target Price of 51 Euros

Golden Ten Data July 9｜Citigroup analysts wrote that Mercedes-Benz's stock price has not reacted significantly to an 8% decline in global automobile sales in the second quarter, highlighting that market expectations are very low. The firm stated: “We believe investors will wait for solid evidence of EBIT margin or for the resumption of share buybacks before re-entering the market.” The company sold 2,000 fewer cars in the second quarter than in the first, suggesting that margins will again be weak following the 4.1% reported in the first quarter. Van sales increased by 1% to 94,000 units, and this division should see another robust quarter, with margins close to 10%.