DAIMLER TRUCK : Stifel raises its target price
Noting that its Mercedes-Benz brand has significantly narrowed the performance gap with its peer Volvo, the broker deems it 'increasingly difficult to justify Daimler Truck's heavy valuation discount', which has nonetheless widened in relation to the Swede.
Stifel also points out that if the group decides - like its former parent company - to redistribute all its industrial free cash flow to its shareholders, it could return more than 10% of its current market capitalization to them from 2026.
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