RESEARCH ALERT-ABN AMRO cuts Daimler target, ups PSA

Newswire

FRANKFURT, Aug 18 (Reuters) - ABN AMRO cut its price target for DaimlerChrysler to 30 euros from 32 on Wednesday, citing its exposure to a potential downturn in the U.S. car market amid high oil prices and rising interest rates. In a note to clients, analyst Tom Borland also raised his price target for French carmaker PSA Peugeot Citroen , which he said was relatively immune to these dangers. "DaimlerChrysler's exposure to the U.S. economy is by far the highest of the companies covered ...

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