In a research note, JP Morgan analyst Akshat Kacker has maintained his recommendation on the stock with a Buy rating. The target price has been revised upwards and is now set at EUR 47, compared with EUR 45 previously.
Daimler Truck Holding AG is specialized in designing, manufacturing and marketing trucks and buses. The activity is organized around 4 areas:
- medium and heavy truck sales: Mercedes-Benz, Fuso, Freightliner, Western Star and BharatBenz brands;
- bus and coach sales: Thomas Built, Fuso, BharatBenz, Mercedes-Benz and Setra brands;
- bus chassis sales: Thomas Built and Mercedes-Benz brands.
- financial services: financing, leasing, insurance brokerage, etc.
In addition, the group owns 50% of BFDA, a company specialized in manufacturing trucks under the Auman brand.
Net sales are distributed geographically as follows: Germany (11.3%), Europe (18.7%), the United States (37.7%), North America (9.5%), Japan (6.1%), Asia (5.1%), Latin America (7.9%) and other (3.7%).
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