Mercedes-Benz to offer 50 electrified car versions by 2022

Several other brokerages also recently commented on DAI.

The electric vehicles will have lower margins at least in the beginning of their life cycle "even though we are confident we can close the gap", CFO Frank Lindenberg was quoted as saying. The company's Fit for Leadership 4.0 plan targets savings of 4 billion euros ($4.8 billion), Daimler said. Deutsche Bank AG reiterated a buy rating on shares of Daimler AG in a report on Wednesday, December 14th. Get used to it: Car makers are going to be making these announcements at an increasing clip, especially now that China, the most important car market in the world right now, has announced plans to eventually move to ban the sale of fossil fuel vehicles entirely. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock.

However, Mercedes executives said the company may not meet its midterm profit margin as a result. The company currently has an average rating of Hold and a consensus price target of €72.38 ($77.83).

Shares of Daimler AG (ETR:DAI) opened at 64.927 on Friday. J P Morgan Chase & Co set a €85.00 ($101.19) target price on Daimler AG and gave the stock a buy rating in a report on Monday, June 12th. The firm has a 50 day moving average price of €61.20 and a 200 day moving average price of €65.74. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services segments.