Daimler Truck Holding AG: Big is beautiful, Initiate with BUY

Daimler Truck Holding AG is the world’s largest truck manufacturer with leading market shares in the U.S. and Europe. After a year 2022 that was marked by strong unit growth despite bottlenecks in the supply chain, the outlook for 2023 implies growth driven mainly by price increases. This, combined with a further reduction in the cost base, should improve margins and bring returns to reasonable levels. The healthy order book could provide further upside to management’s guidance if supply chains fully recover. We initiate coverage of Daimler Truck with a BUY recommendation and a price target of EUR 41.00, offering an upside potential of 31.8%%.

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Die Daimler Truck Holding Aktie wird zum Zeitpunkt der Veröffentlichung der Nachricht mit einem Plus von +0,43 % und einem Kurs von 31,33EUR auf Tradegate (22. März 2023, 12:58 Uhr) gehandelt.