Deutsche Bank Research Daimler Truck Buy rating, Digi Mart USA News: Deutsche Bank Research has lowered its price target for Daimler Truck from 54 to 50 euros but has maintained its Buy rating on the stock. According to the analysis by Nicolai Kempf, the truck maker performed largely as expected in its industrial business in the third quarter.
However, the preliminary outlook for the final quarter disappointed, according to the assessment, which was available on Monday and relates to the company’s latest figures. Order trends in North America remain a decisive issue following weak orders for heavy trucks in September and continued market weakness in October.
Daimler Truck’s order market share nevertheless improved in October, and the Mercedes Trucks business continues to improve, the analysis said.
