Traton: UBS maintains buy rating, but cuts target price

(CercleFinance.com) - UBS reinstates its "buy" rating on Traton shares, although has lowered its target price for them from 30 euros to 22 euros, even though its new target price still gives the German commercial vehicle manufacturer's stock upside potential of 61%.


"We believe Traton's margin development story is underappreciated by the market and latest valuations provide particularly attractive entry," the broker says, which expects the group to "find its way".



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