D The Daimler share will suffer the consequences of the lowered forecasts on Thursday. The share price of the automotive group falls by about 2.5 percent. The Daimler papers last cost just over 58 euros. Previously, they had marked with 57.65 euros the lowest level since the summer of 2016. Among the negative news about Daimler suffered the entire sector. In the Dax, both BMW and Volkswagen slipped by a good two and a half percent each.
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 counters. In the M-Dax, supplier Leoni also lost more than two and a half percent and Hella a good 4 percent.
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Morgan Stanley analyst Harald Hendrikse expects other carmakers to follow Daimler and also lower their profit targets as they are similarly impacted by current trends.
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.
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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.