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Fly News Breaks for June 3, 2019
DDAIF
Jun 3, 2019 | 12:07 EDT
RBC Capital analyst Tom Narayan started Daimler AG with an Outperform rating and EUR 67 price target. The analyst rolled out coverage on the European Autos group with a positive bias on car makers and a more cautious view on suppliers. While acknowledging near-term cyclical pressures, Narayan says the market is valuing Daimler, Renault and VW with no terminal value. His positive view on the car makers is supported by his firm's survey work which suggests strong consumer demand for electronic vehicles and a willingness to pay more.
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