Mercedes Becomes The Latest To Electrify Entire Line-Up By 2022 (Headlines)

Mercedes Becomes The Latest To Electrify Entire Line-Up By 2022 (Headlines)

The firm currently has a neutral rating on the stock.

A number of other brokerages have also commented on DAI.

As a cautionary note, Daimler are planning to find savings of €4 billion to fund the roll-out, and have cautioned that their margin may slip to between 8 and 10 per cent as a result of the electrified plans. The company's Fit for Leadership 4.0 plan targets savings of 4 billion euros ($4.8 billion), Daimler said.

And a surprise announcement from China - the world's biggest car market - that it was mulling a ban of its own has ramped up the pressure for carmakers, although Beijing has yet to name a firm date.

Daimler AG (Daimler) is an automotive engineering company. Finally, Nord/LB set a €66.00 ($78.57) price target on shares of Daimler AG and gave the company a neutral rating in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company's stock. The stock presently has a consensus rating of Hold and a consensus price target of €72.50 ($86.31).

Shares of Daimler AG (ETR:DAI) opened at 64.927 on Friday. Daimler AG has a 12-month low of €59.01 and a 12-month high of €73.20.

The electric transformation at Daimler won't happen at the flick of a switch.

Following recent announcements by Volvo, Jaguar Land Rover, and BMW, the German automaker said it will offer a hybrid or all-electric version of virtually everything it makes within the next few years. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.

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