D The Daimler share will suffer the consequences of the lowered forecasts on Thursday. The share price of the automotive group falls by about 4 percent. this also affects the prices of other auto stocks: BMW give 2.7 percent, Volkswagen 2.3 percent.
The reduction in the forecast is a furrow that the trade conflict visibly leaves, says analyst Jochen Stanzl of CMC Markets. For the current year, Daimler expects a slightly lower operating result. So far, a slight increase has been promised. The Group expects the reticence of Chinese car buyers and referred on Wednesday evening at the expense of recalling hundreds of thousands of diesel vehicles in Europe.
The price drop on Thursday at around 58 euros is the lowest level since the summer of 2016. The weaker prices also weigh on the stock market In its entirety. The F.A.Z. Index, which tracks the market in its broad range of 100 stocks, yields 0.5 percent to 2460 points. the default value index Dax gives a clearer indication of 12,625 points.
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The major Swiss bank UBS has left the classification for Daimler, however, at “Buy” with a target price of 92 €. Analyst Patrick Hummel expects an approximately 5 to 7 percent lower estimate for the operating profit. The earnings momentum should remain rather meager in the coming quarters. However, the biggest price driver remains the valuation imagination from spin-offs such as that of the truck business in the coming year.