Shares of DAI opened at €65.20 ($80.49) on Wednesday.
A number of other analysts have also issued reports on the company. Zacks Investment Research raised Daimler from a "hold" rating to a "buy" rating and set a $104.00 target price on the stock in a research report on Wednesday, January 24th.
Daimler CEO Dieter Zetsche has welcomed Li as a new shareholder and said any future industrial coziness with Geely depends on whether Daimler's China partner BAIC agrees.
Daimler AG (OTCMKTS:DDAIF)'s earnings report is anticipated On April, 25., Zacks reports. Independent Research's price target points to a potential upside of 18.15% from the stock's current price. The company presently has an average rating of "Hold" and an average price target of €76.43 ($94.36). The firm's 50-day moving average is €68.78 and its 200-day moving average is €67.94.
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As per Wednesday, July 27, the company rating was maintained by Brean Capital. ( NYSE:T ), 12 have Buy rating, 1 Sell and 18 Hold. Wharton Business Grp Inc Inc Lc invested in 2.72% or 155,897 shares. (NASDAQ: AAPL ). 97,934 were reported by Winslow Asset Mgmt.
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Mercedes-Benz parent company Daimler supplying engines to Volvo could be just one area of cooperation following the February deal that saw Li Shufu, the owner of Volvo parent company Zhejiang Geely Holding Group, buy a 9.7 percent in Daimler in a deal worth $9 billion. Daimler has a fifty-two week low of €59.01 ($72.85) and a fifty-two week high of €76.36 ($94.27).
Set to purchase "a couple of per cent" in Volvo Cars, Daimler is now thought to enter into an agreement to supply engines and, possibly, new technology to Volvo.
Daimler AG, together its subsidiaries, develops and manufactures passenger cars, trucks, vans, and buses in Germany and internationally. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services divisions.
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