FRANKFURT (dpa-AFX) - The shares of Traton were among the favorites in the SDax on Thursday following positive analyst comments. They rose by 3.0 percent to 34.30 euros in the early afternoon. The record high of just under 35 euros reached in March is now within reach again.

In the year to date, the shares of the commercial vehicle and bus manufacturer are by far the best-performing shares in the SDax with a gain of just over 60 percent.

Both UBS and Warburg Research expect the commercial vehicle manufacturer to continue its successful course in view of the quarterly report due on April 26. The Scania brand in particular is likely to have made a strong start to 2024, wrote Warburg analyst Fabio Holscher. Navistar, on the other hand, is apparently burdened by supply chain problems, but these are likely to be resolved in the coming quarters.

Analyst Hemal Bhundia from UBS expressed a similar opinion. Both experts raised their price targets, Bhundia from 27 to 41 euros and Holscher from 41 to 43 euros, and reiterated their "buy" rating. However, according to Traton CEO Christian Levin, the fierce competition from China emerging in Europe did not frighten investors./ck/bek/jha/