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Positive Report for Mercedes-Benz Group (MBGAF) from Jefferies

Tipranks - Tipranks - Tue Jun 30, 12:36AM CDT

In a report released today, Philippe Houchois from Jefferies upgraded Mercedes-Benz Group to a Buy, with a price target of €52.00.

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Houchois covers the Consumer Cyclical sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group, and Tesla. According to TipRanks, Houchois has an average return of 13.9% and a 50.32% success rate on recommended stocks.

Currently, the analyst consensus on Mercedes-Benz Group is a Moderate Buy with an average price target of €57.33.

See today’s best-performing stocks on TipRanks >>

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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