UBS reaffirms its 'buy' recommendation on Traton, while raising its price target from €27 to €41, a new target that implies a potential upside of 23% for the German truck manufacturer's shares.

We anticipate a positive start to the year for Traton, and expect 2024 as a whole to present a solid performance for a truck market that is normalizing", says the broker in the summary of its note.

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