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Mercedes-Benz downgraded to Neutral from Buy at UBS

Mercedes-Benz downgraded to Neutral from Buy at UBS

UBS downgraded Mercedes-Benz (MBGYY) to Neutral from Buy with a price target of EUR 55, down from EUR 72. The firm expects the company to pull costs, capacity, capex levers to reverse the negative margin trend, but says a 6%-8% cars margin “might be as good as it gets” in 2025 and 2026.

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