Traton: UBS raises target price

(CercleFinance.com) - UBS reaffirms its 'buy' recommendation on Traton shares, while raising its TP for them from E27 to E41, a new target that implies a 23% upside potential for the German truck manufacturer's shares.


"We see a positive start to the year for Traton and expect 2024E to showcase a robust performance for a normalising truck market", the broker summarises.


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