Mercedes-Benz shares experienced a decline due to downgrades from major investment banks. UBS shifted its rating to 'Neutral', while Barclays lowered its assessment from 'Equal Weight' to 'Underweight', reducing the target price from 65 euros to 48.50 euros.
Analyst Henning Cosman noted that the company's performance is below previous expectations, indicating a more cautious outlook.
In XETRA trading, Mercedes-Benz shares saw a temporary drop of 1.48 percent, reaching 52.56 euros. The market is anticipating further insights during the capital market day scheduled for mid-February, which is expected to provide additional guidance on the company's performance and strategy moving forward.