Barclays analyst Erwann Dagorne downgraded Daimler Truck (DTRUY) to Equal Weight from Overweight with an unchanged price target of EUR 45. Although Europe shows signs of stabilization, increasing tariffs and regulatory risks “on the other side of the Atlantic are still largely ignored,” the analyst tells investors in a research note. As such, the firm says it is “time to take a breather in EU trucks.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DTRUY:
- Daimler Truck downgraded to Hold from Buy at DZ Bank
- Daimler Truck’s Earnings Call: Mixed Sentiment Amid Market Challenges
- Daimler Truck Reports Mixed 2024 Financial Results
- Daimler Truck Holding AG: Strong Performance and Strategic Outlook Justify Buy Rating
- Daimler Truck initiated with a Neutral at UBS