Traton SE / Analyst ratings
Price targets
Analyst ratings
6 analysts rated this company in the past 90 days. The average target price is €37.33, this is a change of +39.5% compared to the current price.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyst) - In light of US President Donald Trump's announcement of tariffs on heavy trucks, analyst Jefferies has maintained its rating for Traton at "Hold," with a price target of €32. Michael Aspinall, on Friday, still missed a very important detail regarding the treatment of proportional US production and vehicles covered by the North American Free Trade Agreement (USMCA). He assumes that the tariffs will result in a cost disadvantage of 3 to 6 percent for Daimler Trucks and Traton. As long as there is no clarity regarding pricing, demand will likely suffer./tih/ag
Publication of the original study: September 26, 2025 / 3:04 a.m. / ET
First distribution of the original study: September 26, 2025 / 3:04 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Market-Perform' - Target 36 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Traton at "Market-Perform" with a price target of €36 in light of the announced US tariffs on heavy trucks. Analysts Harry Martin and Chad Dillard see US vehicle manufacturers Paccar and Volvo as the biggest beneficiaries due to their US-focused production. The two commercial vehicle manufacturers could gain market share at the expense of Daimler Truck and Traton, for which the announcement is very negative. In their commentary on Friday, the experts estimate that prices for heavy commercial vehicles could rise by a mid-teen percent range./tih/ag
Publication of the original study: September 26, 2025 / 6:45 a.m. / UTC
First distribution of the original study: September 26, 2025 / 6:45 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyst) - In a review of the second-quarter reporting season, analyst firm Jefferies maintained its "Hold" rating for Traton with a price target of €32. Michael Aspinall wrote in a study released Monday that tariff-related uncertainty had impacted demand for trucks. However, agreements should mitigate the effect. A return to the momentum of the previous two quarters is possible if inflation remains under control./tih/he
Publication of the original study: August 25, 2025 / 3:34 p.m. / ET First distribution of the original study: August 25, 2025 / 3:34 p.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains 'Neutral' rating on Traton - Target: EUR 34
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has placed Traton shares on "negative catalyst watch" and maintained the rating at "neutral" with a price target of €34. Commercial vehicle production in Europe is picking up, wrote Akshat Kacker in an industry report released Thursday. Despite short-term weakness, fundamentals from the freight business remain robust. Trends currently favor Volvo and Daimler Truck over Traton's Scania brand./bek/mis
Publication of the original study: August 13, 2025 / 8:32 PM / BST
First distribution of the original study: August 14, 2025 / 12:15 AM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research lowers target for Traton to 32 euros - 'Buy'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research lowered its price target for Traton from €33 to €32 following the company's earnings release, but maintained its "Buy" rating. While the commercial vehicle manufacturer slightly exceeded expectations in the second quarter, this was overshadowed by a reduced forecast, Nicolai Kempf wrote in a study released Monday. This was not entirely surprising, but the new targets are even lower than expected.
Publication of the original study: July 28, 2025 / Time not specified in the study / CET. First distribution of the original study: July 28, 2025 / 8:07 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Market-Perform' - Target 36 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Traton at "Market-Perform" with a price target of €36 following its half-year results. The VW Group's truck holding company is suffering from weak sales markets and some specific problems, particularly at Scania, Harry Martin wrote in a study released Monday. However, based on fundamental data, the share appears undervalued and is likely to gain ground in the medium term as Volkswagen reduces its stake and the free float increases./edh/men
Publication of the original study: July 27, 2025 / 9:49 p.m. / UTC
First distribution of the original study: July 28, 2025 / 4:00 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Warburg Research maintains 'Buy' rating on Traton - target 50 euros
HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its "Buy" rating for Traton after the company's earnings release, with a price target of €50. The commercial vehicle manufacturer's lowered outlook was not surprising, wrote analyst Fabio Hölscher in an assessment released Friday. Meanwhile, the situation in the US remains uncertain and could act as a catalyst in one direction or the other in the future./rob/mf/men
Publication of the original study: July 25, 2025 / 8:15 a.m. / Time zone not specified in study
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains 'Buy' rating on Traton - target EUR 40
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "buy" rating on Traton after the company's earnings release, with a price target of €40. The commercial vehicle manufacturer's sales and adjusted operating profit were above consensus estimates, Hemal Bhundia wrote in an initial reaction on Friday. However, the lowered annual outlook is likely to be met with a negative response in the market./rob/gl/la
Publication of the original study: July 25, 2025 / 00:32 / GMT. First distribution of the original study: July 25, 2025 / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains 'Neutral' rating on Traton - Target: EUR 34
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Traton at "Neutral" with a price target of €34. The adjusted annual targets are below expectations, Jose Asumendi wrote on Thursday evening. He assumes that the consensus for adjusted operating profit will decline by more than 5 percent./rob/ag/gl
Publication of the original study: July 24, 2025 / 10:57 PM / BST First distribution of the original study: July 24, 2025 / 10:57 PM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains 'Neutral' rating on Traton - Target: EUR 34
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Traton at "Neutral" with a price target of €34. The focus is on the full-year outlook, analyst Jose M. Asumendi wrote on Monday ahead of the truck manufacturer's half-year results. Their estimates for the first half of the year are above market expectations, but below them for the full year./rob/ajx/he
Publication of the original study: July 21, 2025 / 3:15 p.m. / BST First distribution of the original study: July 21, 2025 / 3:15 p.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Warburg Research maintains 'Buy' rating on Traton - target 50 euros
HAMBURG (dpa-AFX Analyser) - The analysis house Warburg Research has left the rating for Traton at "Buy" ahead of quarterly figures with a price target of 50 euros. Statements by the commercial vehicle manufacturer regarding the Scania brand and the uncertainty surrounding the US market are likely to have a negative impact on volumes and profitability, wrote Fabio Hölscher in his outlook published Thursday./rob/bek/ag
Publication of the original study: July 3, 2025 / 8:15 a.m. / Time zone not specified in study
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Warburg Research maintains 'Buy' rating on Traton - target 50 euros
HAMBURG (dpa-AFX Analyst) - Truck manufacturer Traton is on the list of companies that analysts Warburg Research fear will face a profit warning in 2025. This year's "Warburg Guide to Warnings" comes at a time of heightened economic and geopolitical tensions, analyst Robert-Jan van der Horst wrote on Thursday. As the second-quarter reporting season approaches, the White House's tariff decisions for the EU are due in July, which are likely to prompt some companies to adjust their annual targets. Van der Horst lists 16 companies at risk of profit warnings and nine with potential for surprises. Traton is fundamentally rated "Buy" with a price target of €50./ag/edh
Publication of the original study: June 26, 2025 / 12:45 PM / CEST
First distribution of the original study: Date not specified in study / Time not specified in study / CEST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Market-Perform' - Target 36 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained a "Market Perform" rating on Traton with a price target of €36. In 2025, the increasing global divergence in the electric revolution among vehicle manufacturers will be the focus, wrote Harry Martin in the US analyst firm's annual industry overview on the topic, published Wednesday. China is leading the way in growth and innovation, while the West is lagging behind due to weak demand, political uncertainty, and rising costs. In the commercial vehicle sector, the process of change is also progressing more slowly in China than among automakers. Structural risks for the entire industry include disruptions to established competitive advantages and lower future returns due to the need for investment./gl/ag
Publication of the original study: June 17, 2025 / 4:48 p.m. / UTC. First distribution of the original study: June 18, 2025 / 4:00 a.m. / UTC.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Market-Perform' - Target 36 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Traton at "Market-Perform" with a price target of €36. Analyst Harry Martin wrote in an industry report released Wednesday that much has changed since his initial assessment of European commercial vehicle manufacturers in March due to the US tariff barriers. It has now updated its industry models and continues to assume that there will be significant consensus cuts in 2025 and 2026 that are not reflected in the current valuations./tih/men
Publication of the original study: June 10, 2025 / 5:43 PM / UTC
First distribution of the original study: June 11, 2025 / 4:00 AM / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained a "Hold" rating on Traton with a price target of €32. He continues to see signs of pent-up demand in the US and Europe, but the uncertainty will weigh on sales in the short term, wrote Michael Aspinall in an industry assessment released Tuesday. Consensus earnings forecasts for the current quarter appear too conservative. However, the expert anticipates a slowdown in order momentum in Europe and continued weakness in the US.
Publication of the original study: June 3, 2025 / 1:08 PM / ET. First distribution of the original study: June 3, 2025 / 1:08 PM / ET.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Market-Perform' - Target 36 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Traton at "Market-Perform" with a price target of €36 due to weak April registration data. Analyst Harry Martin argues in a study released Monday that the consensus expectations for companies in the commercial vehicle industry, which have been growing above average for years, need to be revised downwards. He is more pessimistic about this year's truck deliveries./tih/ck
Publication of the original study: May 9, 2025 / 10:13 PM / UTC
First distribution of the original study: May 12, 2025 / 4:00 AM / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains 'Buy' rating on Traton - target 35 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research maintained its rating for Traton at "Buy" with a price target of €35 following an investor event on the truck holding company's quarterly figures. Investors' focus was on short-term order momentum in Europe and the US, as well as the realization of synergies within the VW subsidiary, wrote analyst Nicolai Kempf in a study released Wednesday. The introduction of the latest powertrain generation across all brands is progressing and is expected to generate synergies in the medium term./edh/gl
Publication of the original study: April 30, 2025 / Time not specified in the study / CEST. First distribution of the original study: April 30, 2025 / 8:00 a.m. / CEST.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research raises target for Traton to 35 euros - 'Buy'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Traton from €34 to €35 following detailed quarterly figures and maintained its "Buy" rating. The truck holding company's order intake was better than expected, wrote analyst Nicolai Kempf in a study published Tuesday. However, this trend has apparently worsened recently due to US tariffs./edh/ck
Publication of the original study: April 29, 2025 / Time not specified in the study / CEST
First distribution of the original study: April 29, 2025 / 8:01 a.m. / CEST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Traton to 40 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Traton from €41 to €40, but maintained its "Buy" rating. The VW commercial vehicle holding company is well on its way to benefiting from the growing industry recovery in Europe, analyst Hemal Bhundia wrote in his assessment published Tuesday. However, he remains cautious about North America due to ongoing uncertainties surrounding tariff policy and future emissions regulations. It lowered its estimates for revenue and adjusted operating profit, noting a surprisingly slow start to the year, particularly in North America, as well as negative exchange rate effects./gl/mis
Publication of the original study: April 29, 2025 / 1:31 a.m. / GMT First distribution of the original study: April 29, 2025 / 1:31 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Market-Perform' - Target 36 euros
NEW YORK (dpa-AFX Analyst) - Following its first-quarter results, US analyst Bernstein Research maintained its rating for Traton at "Market-Perform" with a price target of €36. The commercial vehicle manufacturer is experiencing strong order growth but faces challenges, analyst Harry Martin wrote in a report released Tuesday. Due to its undervaluation and better geographic business mix, Traton is the right stock for investors looking to invest in the sector. However, the risks in the US and the disrupted global economic situation would argue for a neutral vote./tih/mis
Publication of the original study: April 28, 2025 / 4:53 p.m. / UTC
First distribution of the original study: April 29, 2025 / 4:00 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Market-Perform' - Target 36 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Traton at "Market-Perform" with a price target of €36. The commercial vehicle manufacturer's results were in line with the previously published key figures, wrote analyst Harry Martin in a report released Monday. Order intake exceeded expectations, and the full-year targets were confirmed.
Publication of the original study: April 28, 2025 / 6:48 a.m. / UTC
First distribution of the original study: April 28, 2025 / 6:48 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains 'Buy' rating on Traton - target EUR 41
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Traton following its quarterly results, with a price target of €41. Investors should react positively to this, wrote analyst Hemal Bhundia in a study published on Monday. The commercial vehicle manufacturer confirmed its outlook, and order intake was higher than the consensus estimate. These were the two most important aspects./bek/gl
Publication of the original study: April 28, 2025 / 7:14 a.m. / GMT First distribution of the original study: April 28, 2025 / 7:14 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyst) - Following the first-quarter results, analyst Jefferies maintained its "Hold" rating for Traton with a price target of €32. The order situation remains a bright spot, wrote analyst Michael Aspinall in an initial assessment on Monday. The ratio of incoming orders to sales (book-to-bill) was above 1 for the first time since the third quarter. In Germany, orders for the commercial vehicle manufacturer increased by more than half./bek/gl
Publication of the original study: April 28, 2025 / 2:49 a.m. / ET First distribution of the original study: April 28, 2025 / 2:49 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains 'Neutral' rating on Traton - Target: EUR 34
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Traton at "Neutral" with a price target of €34 following the first-quarter results. The margins and the negative net cash position reflect client caution, analyst Akshat Kacker wrote in an initial reaction on Monday. Given the economic uncertainties, truck manufacturers in Europe and the US now depend on order levels and production adjustments./bek/gl
Publication of the original study: April 28, 2025 / 7:31 a.m. / BST First distribution of the original study: April 28, 2025 / 7:31 a.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Traton at "Hold" with a price target of €32. In an industry report released Wednesday, analyst Michael Aspinall pointed to the quarterly figures of the US freight forwarder J.B. Hunt, which were characterized by uncertainty./ajx/mis
Publication of the original report: April 16, 2025 / 3:31 a.m. / ET First distribution of the original report: April 16, 2025 / 3:31 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Warburg Research lowers target for Traton to 50 euros - 'Buy'
HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research lowered its price target for Traton from €51 to €50 following key first-quarter figures, but maintained its "Buy" rating. While the VW commercial vehicle holding company disappointed, it confirmed its annual forecast, wrote analyst Fabio Hölscher in a study released Friday. With the growth and cost-cutting initiatives of the various brands, the company remains very well positioned in the medium term./la/mis
Publication of the original study: April 11, 2025 / 8:15 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research lowers target for Traton to 34 euros - 'Buy'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has lowered its price target for Traton from €40 to €34 and maintained its "Buy" rating. The commercial vehicle manufacturer's first-quarter key figures missed expectations, primarily due to the Scania and International Motors brands, analyst Nicolai Kempf wrote in a study published Thursday. Although the forecast for the fiscal year was confirmed, Kempf considers it "too ambitious" and expects the group margin to decline by one percentage point./ck/nas
Publication of the original study: April 10, 2025 / Time not specified in the study / CEST
First distribution of the original study: April 10, 2025 / 8:05 a.m. / CEST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyst) - Following preliminary quarterly figures, analyst Jefferies has maintained its "Hold" rating for Traton with a price target of €32. The truck holding company's key figures clearly missed consensus estimates, wrote analyst Michael Aspinall in an initial response released Wednesday./edh/he
Publication of the original study: April 9, 2025 / 2:22 PM / ET First distribution of the original study: April 9, 2025 / 2:22 PM / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains 'Neutral' rating on Traton - Target: EUR 34
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Traton at "Neutral" with a price target of €34 following the release of key data. The truck holding company's figures fell significantly short of expectations, wrote analyst Jose Asumendi in an initial response released Wednesday./edh/he
Publication of the original study: April 9, 2025 / 5:47 PM / GMT First distribution of the original study: April 9, 2025 / 5:47 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Market-Perform' - Target 36 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Traton at "Market-Perform" with a price target of €36. Heavy trucks are not included in the 25 percent tariff applicable to the automotive sector, so the respective country tariffs apply, analyst Harry Martin wrote in his industry commentary on Thursday. The tariffs are likely to primarily reduce demand for new trucks, as the latest announcement is expected to reduce freight demand, which means lower freight rates./edh/ag
Publication of the original study: April 3, 2025 / 6:37 a.m. / UTC
First distribution of the original study: April 3, 2025 / 6:37 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein launches Traton with 'Market Perform' - Target 36 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has initiated its rating of Traton shares with a "market perform" rating, with a price target of €36. Analyst Harry Martin is skeptical of the European truck manufacturer, according to an industry assessment released Tuesday. The conclusion of his analysis is that, despite all hopes for structural change, the sector will remain as cyclical as ever. "2025 will be a grim reminder of this," Martin said. He expects a decline in sales volumes of more than 10 percent and massive price corrections in the shares. He sees the greatest risk of a setback at Daimler Truck./ag/edh
Publication of the original study: March 31, 2025 / 2:46 p.m. / UTC
First distribution of the original study: March 31, 2025 / 3:35 p.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Traton with a price target of €32. Heavy-duty trucks are apparently not affected by the announced US import tariffs on automobiles, analyst Michael Aspinall wrote in a study published Thursday. Furthermore, the affected manufacturers appear to be able to offset parts manufactured in the US against the import tariffs on the value of the goods. If both are correct, the outcome would be better than feared.
Publication of the original study: March 27, 2025 / 8:27 a.m. / ET First distribution of the original study: March 27, 2025 / 8:27 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Barclays lowers Traton to 'Equal Weight' - target 38 euros
LONDON (dpa-AFX Analyst) - British investment bank Barclays has downgraded Traton from "Overweight" to "Equal Weight," with an unchanged price target of €38. Analyst Erwann Dagorne wrote in his reassessment published Tuesday that it's time for a breather for European truck stocks. Increasing risks from tariffs, the economy, and regulatory interventions are still being ignored too much./ag/bek
Publication of the original study: March 24, 2025 / 9:18 p.m. / GMT
First distribution of the original study: March 25, 2025 / 3:00 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains 'Buy' rating on Traton - target EUR 41
ZURICH (dpa-AFX Analyst) - The Swiss major bank UBS has maintained its rating for Traton at "Buy" with a price target of 41 euros following a share sale by Volkswagen. The sale of 11 million Traton shares by the parent company is a positive, albeit small, step toward a significant free float, wrote analyst Hemal Bhundia on Tuesday evening./edh/ag
Publication of the original study: March 18, 2025 / 6:32 PM / GMT
First distribution of the original study: March 18, 2025 / 6:32 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research lowers target for Traton to 40 euros - 'Buy'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research lowered its price target for Traton from €42 to €40, but maintained its "Buy" rating. Following a solid fourth quarter but a disappointing outlook, analyst Nicolai Kempf examined the question of whether the cycle is nearing a turn in a study published Tuesday. Unlike last year, the truck holding company's order backlog is no longer as healthy this year. However, there is hope that the European business will turn around and that preemptive effects will begin in the US./tih/edh
Publication of the original study: March 11, 2025 / Time not specified in the study / CET
First distribution of the original study: March 11, 2025 / 7:50 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Traton to 41 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Traton from €43 to €41 following the recently published financial figures of the VW commercial vehicle holding company, but maintained its "Buy" rating. Analyst Hemal Bhundia wrote in a study published Tuesday that he had lowered his estimates due to the increasingly negative outlook for business in North America. However, the long-term price drivers remain intact./la/ngu
Publication of the original study: March 11, 2025 / 7:21 PM / GMT First distribution of the original study: March 11, 2025 / 7:21 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Warburg Research lowers target for Traton to 51 euros - 'Buy'
HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has lowered its price target for Traton from €52 to €51 following the company's earnings release and maintained its rating at "Buy." While the commercial vehicle manufacturer finished 2024 strongly, its targets for 2025 are slightly below expectations, wrote analyst Fabio Hölscher in a report published Tuesday./ck/mis
Publication of the original report: March 11, 2025 / 8:15 a.m. / CET
First distribution of the original report: Date not specified in report / Time not specified in report / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Warburg maintains 'Buy' rating on Traton - target 52 euros
HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its "Buy" rating for Traton after the company's earnings release, with a price target of €52. Analyst Fabio Hölscher praised the commercial vehicle manufacturer's strong figures in a quick assessment released on Monday. However, the targets for 2025 fell somewhat short of expectations. The forecast margin decline is likely due to price pressure in weaker markets, as Traton has already communicated in previous reports./ck/tih
Publication of the original study: March 10, 2025 / 8:15 a.m. / CET
First distribution of the original study: Date not specified in study / Time not specified in study / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Traton after the company's earnings release, with a price target of €32. The commercial vehicle manufacturer's fourth quarter was stronger than expected, and margins were also better than expected, wrote analyst Michael Aspinall in a report released Tuesday. Regarding the 2025 EBIT target, he expects only a slight decline in consensus estimates, as the midpoint of Traton's stated range is below the average analyst estimate. He pointed out that Traton's 2024 outlook had already exceeded expectations./ck/mis
Publication of the original study: March 10, 2025 / 4:12 a.m. / ET
First distribution of the original study: March 10, 2025 / 4:12 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains 'Buy' rating on Traton - target EUR 43
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Traton after the company's earnings release, with a price target of €43. The VW commercial vehicle subsidiary performed strongly in the fourth quarter, but the overall picture is mixed, analyst Hemal Bhundia wrote in a report released Monday. The margin forecast for 2025 could potentially be viewed negatively, as its midpoint is below consensus expectations. The conference call could be important to understand whether this is due to weaker momentum or a more cautious stance./tih/gl
Publication of the original study: March 10, 2025 / 7:58 a.m. / GMT First distribution of the original study: March 10, 2025 / 7:58 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains 'Neutral' rating on Traton - target 30 euros
NEW YORK (dpa-AFX Analyst) - Following the company's annual results, US bank JPMorgan has maintained a "neutral" rating on Traton with a price target of €30. The Volkswagen commercial vehicle holding company exceeded expectations with sales and adjusted operating profit (EBIT), analyst Jose Asumendi wrote in an initial reaction on Monday. The outlook for 2025 assumes a slowdown in global economic momentum and a decline in truck demand in key markets, but could prove cautious. The consensus forecasts are currently at the upper end of the company's target ranges./gl/tih
Publication of the original study: March 10, 2025 / 7:35 a.m. / GMT
First distribution of the original study: March 10, 2025 / 7:35 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Traton with a price target of €32. Analyst Michael Aspinall remains optimistic about truck demand in the US following investment signals from the US freight forwarder Knight-Swift. He wrote this in his commentary published on Thursday./ag/mf
Publication of the original study: January 22, 2025 / 7:42 PM / ET
First distribution of the original study: January 22, 2025 / 7:42 PM / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its "Hold" rating for Traton with a price target of €32. In his industry commentary published Friday, analyst Michael Aspinall noted positive investment signals from the US freight forwarder JB Hunt. The American company plans to spend $700 million to $900 million this year, more than last year. Up to $700 million of this will likely go toward fleet renewal. This is the most important indicator for truck sales./la/ag
Publication of the original study: January 17, 2025 / 2:34 a.m. / ET First distribution of the original study: January 17, 2025 / 2:34 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 32 euros
NEW YORK (dpa-AFX Analyser) - The analysis house Jefferies has left the rating for Traton at "Hold" with a price target of 32 euros ahead of a discussion with industry expert Bill Wade. Key topics he will discuss with the founder of Fleetpride include the freight cycle, the commercial vehicle aftermarket, and regulatory changes, wrote analyst Michael Aspinall in a report released Wednesday./ck/jha/
Publication of the original report: January 15, 2025 / 9:50 a.m. / ET
First distribution of the original report: January 15, 2025 / 9:50 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains 'Buy' rating on Traton - target EUR 42
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Traton ahead of earnings, with a price target of €42. The commercial vehicle manufacturer's orders are likely to have increased in the final quarter compared to the third quarter, analyst Nicolai Kempf wrote in an outlook published on Tuesday./bek/nas
Publication of the original study: January 14, 2025 / Time not specified in study / CET
First distribution of the original study: January 14, 2025 / 08:12 / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies lowers target for Traton to 32 euros - 'Hold'
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has lowered its price target for Traton from €37 to €32 and maintained its "Hold" rating. A stronger US business is likely to be offset by a weaker European one, wrote analyst Michael Aspinall in a report released Friday./mis/zb
Publication of the original report: January 9, 2025 / 3:31 p.m. / ET
First distribution of the original report: January 9, 2025 / 3:31 p.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research lowers target for Traton to 42 euros - 'Buy'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research lowered its price target for Traton from €55 to €42, but maintained its "Buy" rating. Analyst Nicolai Kempf titled his optimistic outlook for European commercial vehicle manufacturers, published on Monday, "Truck'N'Roll." Despite weak end markets, the industry's stocks performed well in 2024 thanks to the restructuring efforts and pricing discipline of recent years. At Daimler Truck's Mercedes brand, the new management appears determined to take the necessary further measures. The Swabian company is the market leader in the USA, while both Volvo and Traton could increase their market shares there. Kempf is becoming more cautious about Iveco due to its focus on Europe./gl/men
Publication of the original study: December 9, 2024 / 7:52 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Outperform' - Target 47 euros
NEW YORK (dpa-AFX Analyst) - Following the US analyst firm's industry conference, Bernstein Research maintained Traton's rating at "Outperform" with a price target of €47. Neither BMW nor Renault were willing to comment on the 2025 outlook, while Aston Martin expressed confidence in returning to cash flow, analyst Harry Martin wrote in a report released Friday. Mercedes-Benz expects an overall positive product mix, while Volkswagen remains concerned about overcapacity and an even weaker European market. Of the suppliers, Continental expressed positive views on the coming year, while Valeo did not comment on its outlook due to market uncertainty./gl/tih
Publication of the original study: November 28, 2024 / 8:48 p.m. / UTC
First distribution of the original study: November 29, 2024 / 5:00 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains 'Neutral' rating on Traton - target 30 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Traton at "Neutral" with a price target of €30. 2025 will be characterized by low global production growth, trade tensions, slow electrification, and market share gains by Chinese manufacturers, wrote analyst Jose Asumendi in his annual outlook for the auto industry published on Wednesday. Investors are likely to continue to focus on strong cash inflows that allow for dividends and share buybacks. These can be found primarily at car and truck manufacturers and tire companies. In the truck sector, Asumendi relies on Daimler Truck and now also Volvo./ag/tih
Publication of the original study: November 26, 2024 / 11:02 PM / GMT
First distribution of the original study: November 27, 2024 / 12:15 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains 'Buy' rating on Traton - target 55 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Traton with a price target of €55. The commercial vehicle manufacturer's roadshow following its quarterly results focused on short- to medium-term opportunities in the US, demand in Germany and Europe, and the topic of electrification, wrote analyst Nicolai Kempf in a study released Thursday. Traton has demonstrated impressive implementation of its corporate strategy since the beginning of the year and is also very attractively valued./gl/mis
Publication of the original study: October 31, 2024 / 8:08 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Traton to 30 euros - 'Neutral'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Traton from €28 to €30 and maintained its rating at "Neutral." Following the commercial vehicle manufacturer's solid quarterly figures, analyst Jose Asumendi wrote in a report released Thursday that his estimates have barely changed. He justified the new price target with the postponed valuation period for the stock to 2026./gl/ajx
Publication of the original study: October 31, 2024 / 10:14 AM / GMT First distribution of the original study: October 31, 2024 / 10:24 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains 'Buy' rating on Traton - target 55 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Traton at "Buy" with a price target of €55 following final third-quarter figures. The truck manufacturer is increasingly demonstrating its full potential, praised analyst Nicolai Kempf in a study published Tuesday.
Publication of the original study: October 29, 2024 / Time not specified in study / CET
First distribution of the original study: October 29, 2024 / 8:00 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Warburg Research maintains 'Buy' rating on Traton - target 53 euros
HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its "Buy" rating for Traton with a price target of €53. At first glance, there are no surprises, wrote analyst Fabio Hölscher on Monday morning after the truck manufacturer's final quarterly figures./ag/ajx
Publication of the original study: October 28, 2024 / 8:15 a.m. / CEST
First distribution of the original study: Date not specified in study / Time not specified in study / CEST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 37 euros
NEW YORK (dpa-AFX Analyst) - Following detailed quarterly figures, analyst Jefferies maintained its "Hold" rating for Traton with a price target of €37. Operating results exceeded expectations, analyst Michael Aspinall wrote on Monday morning. The market outlook improved slightly, measured at the midpoints of the growth ranges./ag/zb
Publication of the original study: October 28, 2024 / 4:16 a.m. / ET
First distribution of the original study: October 28, 2024 / 4:16 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains 'Neutral' rating on Traton - Target: €28
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Traton at "Neutral" with a price target of €28 following preliminary quarterly figures. The key figures for the Volkswagen truck holding company clearly exceeded market expectations, wrote analyst Jose Asumendi in an initial reaction released Tuesday. The annual outlook remained unchanged./edh/bek
Publication of the original study: October 21, 2024 / 11:21 PM / BST
First distribution of the original study: October 21, 2024 / 11:22 PM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 37 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Traton at "Hold" with a price target of €37 following key third-quarter figures. The operating result of the VW commercial vehicle holding company exceeded market expectations, wrote analyst Michael Aspinall in a report released Monday. Scania's continued strength implies that prices in Europe remain stable.
Publication of the original study: October 21, 2024 / 4:22 PM / ET. First distribution of the original study: October 21, 2024 / 4:22 PM / ET.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains 'Buy' rating on Traton - target 55 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Traton with a price target of €55. The commercial vehicle manufacturer's quarterly figures, due on October 28, are likely to demonstrate a significant recovery for the US brand International Motors (formerly Navistar), analyst Nicolai Kempf wrote in an outlook published Thursday. This is indicated by the increased delivery times. In Europe, however, these have decreased, signaling rather subdued demand. However, the Scania and MAN brands have already adjusted their capacities./gl/mf
Publication of the original study: October 10, 2024 / 8:05 a.m. / CET. First distribution of the original study: Date not specified in the study / Time not specified in the study / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains 'Neutral' rating on Traton - Target: €28
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "neutral" rating on Traton with a price target of €28 ahead of the company's third-quarter results, expected on October 28. The commercial vehicle manufacturer is expected to have had a strong quarter, analyst Jose Asumendi wrote in a report released Wednesday. He expects robust business development in the Scania and Latin America divisions, which should have partially offset the seasonal weakness at MAN. According to him, the focus of the conference call will be on the dynamics of order intake in Europe and North America.
Publication of the original study: October 9, 2024 / 8:07 PM / BST. First distribution of the original study: October 9, 2024 / 8:10 PM / BST.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains 'Buy' rating on Traton - target EUR 43
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Traton with a price target of €43. The commercial vehicle manufacturer has presented its strategy for long-term profitable growth, analyst Hemal Bhundia wrote in his commentary published on Monday. The targets for 2029 are ambitious. However, there is short-term uncertainty in the sector, and the free float, which parent company Volkswagen intends to increase to 25 percent, remains an issue./tih/ag
Publication of the original study: October 7, 2024 / 00:32 / GMT
First distribution of the original study: October 7, 2024 / 00:32 / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains 'Buy' rating on Traton - target 55 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Traton with a price target of €55. The truck manufacturer's new business targets represent a 50 percent profit potential by 2029, wrote analyst Nicolai Kempf in his commentary on Thursday's Capital Markets Day./ag/edh
Publication of the original study: October 3, 2024 / Time not specified in study / CET
First distribution of the original study: October 3, 2024 / 8:05 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 37 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Traton with a price target of €37. Investors are focusing on volumes and prices, and the capital markets day sent positive signals on both aspects, wrote analyst Michael Aspinall on Wednesday morning./ag/men
Publication of the original study: October 2, 2024 / 5:56 a.m. / ET
First distribution of the original study: October 2, 2024 / 5:56 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Warburg Research maintains 'Buy' rating on Traton - target 50 euros
HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its "Buy" rating for Traton with a price target of €50. The commercial vehicle manufacturer continues to work on implementing its plans, wrote analyst Fabio Hölscher in his commentary on Wednesday's Capital Markets Day. He considers the targets realistic and the underlying drivers convincing. Traton has proven in the recent past that the company can deliver./ag/tih
Publication of the original study: October 2, 2024 / 8:15 a.m. / CEST
First distribution of the original study: Date not specified in study / Time not specified in study / CEST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Outperform' - Target 47 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Traton at "Outperform" with a price target of €47. The new target for the 2029 group margin is influenced by the transformation of the US brand, wrote analyst Daniel Cunliffe in his commentary on the truck manufacturer's Capital Markets Day on Wednesday. The former Navistar is expected to achieve around half of the expected profitability improvement./ag/zb
Publication of the original study: October 1, 2024 / 3:46 PM / UTC
First distribution of the original study: October 2, 2024 / 5:30 AM / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains 'Neutral' rating on Traton - Target: €28
NEW YORK (dpa-AFX Analyst) - After a capital markets day, US bank JPMorgan maintained its rating for Traton at "Neutral" with a price target of €28. The greatest opportunity for the Volkswagen commercial vehicle holding company clearly lies in continuing its work on efficiency measures across all regions, wrote analyst Jose Asumendi in a study released Tuesday. The company can leverage a global architecture that maximizes growth, especially in North America and China.
Publication of the original study: October 1, 2024 / 4:07 PM / BST. First distribution of the original study: October 1, 2024 / 4:07 PM / BST.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 37 euros
NEW YORK (dpa-AFX Analyser) - The analysis house Jefferies has left the rating for Traton at "Hold" with a price target of 37 euros ahead of the capital markets day of the Volkswagen Commercial Vehicle Holding. The event is expected to focus on the consequences of the energy transition, growth in the spare parts business, the improvement in margin stability at subsidiaries MAN and Navistar, and market share gains at Navistar, wrote analyst Michael Aspinall in a report released Monday.
Publication of the original report: September 30, 2024 / 8:24 a.m. / ET First distribution of the original report: September 30, 2024 / 8:24 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Traton at 'Outperform' - Target 47 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Traton at "Outperform" with a price target of €47. Traton and Hexagon are likely the best value opportunities, wrote analyst Nicholas Green in his fourth-quarter outlook for the European capital goods sector published Monday. They both suffered a loss of confidence and had immense valuation potential./ag/edh
Publication of the original study: September 27, 2024 / 4:00 PM / UTC
First distribution of the original study: September 30, 2024 / 5:00 AM / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains 'Buy' rating on Traton - target EUR 43
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Traton ahead of the capital markets day of the truck manufacturer, which is part of the VW Group. The event is likely to be more evolutionary than revolutionary in nature, wrote analyst Hemal Bhundia in a study published Thursday./ajx/zb
Publication of the original study: September 26, 2024 / 02:51 / GMT
First distribution of the original study: September 26, 2024 / 02:51 / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains 'Buy' rating on Traton - target 55 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Traton with a price target of €55 ahead of the upcoming Capital Markets Day in Munich on October 1. Despite this year's downturn, profitability appears to be within targets, even taking into account ongoing supply chain issues, analyst Nicolai Kempf wrote in a report released Thursday. The focus of this year's event is likely to be on the opportunities for the US brand Navistar. The restructuring of Navistar could increase consolidated profit by a further €500 million and should be an important lever for raising the medium-term growth targets from 9 to 10 percent./ck/gl
Publication of the original study: September 5, 2024 / Time not specified in the study / CET. First distribution of the original study: September 5, 2024 / 8:05 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 37 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Traton with a price target of €37. Progress in the field of battery-powered trucks continues, wrote analyst Michael Aspinall in a report released Tuesday. Heterogeneous applications are driving the transition. At the same time, there is real progress in internal combustion engines, which, according to the expert, reduce emissions and provide added value and reasons to buy new trucks. Among the Traton brands, MAN delivers the most power per unit of fuel, but Scania consumes less fuel relative to the distance traveled./la/jha/
Publication of the original study: September 3, 2024 / 1:34 PM / ET. First distribution of the original study: September 3, 2024 / 1:34 PM / ET.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains 'Hold' rating on Traton - target 37 euros
NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained its "Hold" rating for Traton with a price target of €37. Uncertainty about the timing of the market recovery in Europe and the associated impact on pricing are weighing on the truck manufacturer's shares, analyst Michael Aspinall wrote in an industry report released Wednesday. Positive price momentum requires evidence that the cycle is turning. His "top pick" in the sector is Daimler Trucks, with upside potential of around 50 percent./edh/jha/
Publication of the original study: August 14, 2024 / 11:07 AM / ET
First distribution of the original study: August 14, 2024 / 11:30 AM / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.