FRANKFURT (dpa-AFX Broker) - DZ Bank has upgraded Daimler Truck from "Hold" to "Buy" and raised the fair value from 32 to 50 euros. "The key data for 2023 show significant progress in the productivity and efficiency of the processes of the individual brands, as well as the effects of the price increases implemented and the increase in the service share," wrote analyst Holger Schmidt in a study published on Tuesday. In addition, the outlook for 2024 points to a significantly better fundamental development than that of the competition. Further support is provided by the high dividend yield and share buybacks. After the transition year 2024, a new upward cycle in demand is expected in 2025 and 2026, as upcoming new emission regulations are likely to lead to advance purchases./gl/ck

Publication of the original study: 05.03.2024 / 12:38 / CET

First dissemination of the original study: 05.03.2024 / 12:45 / CET

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