Daimler Preferred Over BMW on Margins, New Models, JPMorgan Says
2014-07-01 06:53:30.630 GMT
By Brian Lysaght
July 1 (Bloomberg) -- Daimler (reiterated overweight) has
superior product momentum, pricing power, and Mercedes-Benz car
margins will expand through year on cost savings, JPMorgan says
in note.
* New Mercedes car models will allow for smaller price
discounts in China and Europe; has superior strategy for new
vehicle platforms
* BMW (reiterated neutral) margins might stabilize at best,
hasn’t been able to reduce price discounts: JPM
* Note June 24: Buy BMW, Valeo in EU Autos; Sell Daimler, UBS
Says
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To contact the reporter on this story:
Brian Lysaght in London at +44-20-7330-7908 or
blysaght@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
Brian Lysaght
2014-07-01 06:53:30.630 GMT
By Brian Lysaght
July 1 (Bloomberg) -- Daimler (reiterated overweight) has
superior product momentum, pricing power, and Mercedes-Benz car
margins will expand through year on cost savings, JPMorgan says
in note.
* New Mercedes car models will allow for smaller price
discounts in China and Europe; has superior strategy for new
vehicle platforms
* BMW (reiterated neutral) margins might stabilize at best,
hasn’t been able to reduce price discounts: JPM
* Note June 24: Buy BMW, Valeo in EU Autos; Sell Daimler, UBS
Says
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Brian Lysaght in London at +44-20-7330-7908 or
blysaght@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
Brian Lysaght