Financial Analysts Like DaimlerChrysler smart News
After the big announcement over the weekend, I'm sure that DaimlerChrysler bosses where hoping for positive reviews from financial analysts. It seems that their hopes have come true if these quotes are any indication:
Lehman Brothers lifts DaimlerChrysler target to EUR53 from EUR50. Welcomes news that the company plans to renew Smart's ForTwo model and to stop loss-making ForFour model. Lehman says this development is favorable for share holders as it lifts a significant uncertainty over an important loss-making operation that only represented 1% of consolidated sales.
Sal Oppenheim welcomes news DaimlerChrysler's to cancel Smart's ForFour model. Brokerage would have welcomed a complete disposal of the brand but says the move is a further sign that CEO Zetsche is determined to bring the group's problem children back into positive territory. Says however costs and timing remain a downside risk as negotiations with project partners haven not been concluded yet.
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