UBS has given Mercedes-Benz Group a "Buy" rating and set a target price of 72 euros after the company's quarterly figures were released.
According to analyst Patrick Hummel, the car division's profitability met UBS's expectations but fell short of consensus estimates. However, the report emphasized strong free cash flow and a positive outlook for the fourth quarter for the automaker based in Stuttgart.
The analysis reflects a cautious optimism about Mercedes-Benz's future financial performance.