NEW YORK (dpa-AFX Broker) - The analyst firm Jefferies has reinstated Daimler Truck with a "Buy" rating and a target price of 55 euros after a change of analysts. Even after the good start to the year, the share valuations of European truck manufacturers still have room for improvement overall, wrote analyst Michael Aspinall in an industry study published on Sunday. The market structure for the providers is favorable, they achieve high returns on capital and they are confronted with less fundamental change than car manufacturers. It is well known that 2024 will be weaker after the very strong year 2023. However, high growth is expected in the coming years, also due to stricter emissions regulations in the USA and Europe./mis

Publication of the original study: 05.04.2024 / 13:42 / ET

First dissemination of the original study: 07.04.2024 / 10:00 / ET

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