Daimler Truck price target raised to EUR 48 from EUR 44 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Daimler Truck (DTRUY) to EUR 48 from EUR 44 and keeps an Overweight rating on the shares. The firm thinks 2025 “presents a rising tide” for truck manufacturers, with improving freight conditions and upcoming emissions regulations driving upside. It prefers Daimler Truck due to its significant North America exposure but also upgraded Volvo.