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Traton: UBS cuts target price

(CercleFinance.com) - UBS reiterates its 'buy' recommendation on Traton shares, while lowering its target price for them from E43 to E41, with the latter still implying 20% upside potential for the German truck manufacturer's stock.


The long-term levers for margin expansion remain in place, although short-term uncertainty in the North American market is likely to weigh on margins, the broker summarises.


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