RESEARCH ALERT-SG cuts DaimlerChrysler rating, fair value

Newswire

PARIS, Sept 27 (Reuters) - SG said on Monday it had cut its rating on German carmaker DaimlerChrysler to "hold" from "buy" and its fair value to 40 euros from 43 euros. "The downtrend in U.S. auto markets...could feed through first to Chrysler's 2005 results, despite an impressive product rollout from Mercedes," the research report said. "Steeper-than-expected costs for quality enhancement are also weighing on margins at Mercedes whose volumes were pointing down prior to the launch of ...

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