Traton downgraded to Underweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Shaqeal Kirunda downgraded Traton (TRATF) to Underweight from Equal Weight with an unchanged price target of EUR 32. The firm estimates 2026 truck sales remain weak, especially in North America. Global truck markets remain challenged, but some “green shoots suggest a bottom might be near,” the analyst tells investors in a research note.