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Bernstein Reaffirms Their Hold Rating on Mercedes-Benz Group (MBGAF)

Tipranks - Tipranks - Fri Jun 26, 8:36AM CDT

Bernstein analyst Stephen Reitman maintained a Hold rating on Mercedes-Benz Group today and set a price target of €61.00.

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According to TipRanks, Reitman is a 2-star analyst with an average return of 0.6% and a 35.95% success rate. Reitman covers the Consumer Cyclical sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group, and Ferrari.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mercedes-Benz Group with a €58.56 average price target.

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Based on Mercedes-Benz Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €31.6 billion and a net profit of €1.42 billion. In comparison, last year the company earned a revenue of €33.22 billion and had a net profit of €1.68 billion

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