Daimler Truck: Stifel raises target price

(CercleFinance.com) - Stifel reinstates its 'buy' recommendation on Daimler Truck shares, while raising its target price for them from E41 to E58, based on higher estimates for the German truck manufacturer following its annual results published last week.


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 Swedish group.

Stifel also points out that if it 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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