NEW YORK (dpa-AFX Broker) - The Canadian bank RBC has raised its price target for Mercedes-Benz from 86 to 87 euros on the occasion of an announced share buyback program and left the rating at "Outperform". In conjunction with the dividend and the potential monetization of Daimler Truck shares, the return on capital in 2024/2025 should absorb the downside risk from the carmaker's price/mix normalization, analyst Tom Narayan wrote in a study published on Tuesday. The rising sales in the upper price segment and in the core business as well as the declining entry-level segment should also be helpful./edh/zb

Publication of the original study: 11.03.2024 / 17:30 / EST

First distribution of the original study: 11.03.2024 / 17:30 / EST

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