Daimler Truck: Stifel still a buyer, but trims TP

(CercleFinance.com) - Stifel reiterates its 'buy' recommendation on Daimler Truck shares, trimming its target price for them from E45 to E44, after a trading update and before its Q3 results, which are due out on 7 November.


Basd on higher unit sales for Daimler Truck North America (DTNA), the broker sees upward pressure on Q3 industrial adjusted EBIT, which is around 5% above the current consensus.

While analysts are lowering volume and earnings expectations for Mercedes-Benz and DTNA (for 2025-26 in particular), their revised industrial adjusted EBIT forecasts come in at around 2% and 4.7% below current consensus for 2024-25, they warn, however.


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