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Mercedes-Benz Group (MBGAF) Gets a Hold from DBS

Tipranks - Tipranks - Thu Oct 1, 7:08AM CDT

In a report released yesterday, Raphael Tse from DBS maintained a Hold rating on Mercedes-Benz Group, with a price target of €37.00. The company’s shares closed yesterday at €40.67.

According to TipRanks, Tse is an analyst with an average return of -27.7% and a 3.70% success rate. Tse covers the Consumer Cyclical sector, focusing on stocks such as BYD Co, XPeng, Inc. Class A, and Mercedes-Benz Group.

In addition to DBS, Mercedes-Benz Group also received a Hold from Bernstein’s Stephen Reitman in a report issued on September 22. However, yesterday, Deutsche Bank maintained a Buy rating on Mercedes-Benz Group (Other OTC: MBGAF).

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MBGAF market cap is currently €39.16B and has a P/E ratio of 7.78.

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