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On Tuesday, Deutsche Bank (ETR:DBKGn)’s analysts revised their price target for Traton SE (ETR:8TRA:GR) (OTC:TRATF), increasing it to EUR35.00 from the previous EUR34.00, while reiterating a Buy rating on the stock. The adjustment follows Traton’s preliminary earnings report released three weeks prior, which was considered soft, shifting today’s focus to new incremental details such as the company’s order book.
Traton SE, similar to its industry peer Volvo (OTC:VLVLY), has experienced a significant order beat, primarily fueled by demand in Europe. Despite this, during the company’s conference call, management indicated that recent tariff announcements had begun to affect European order momentum starting mid-March, causing a slight disruption in the previously upward trend.
In contrast, the United States market shows a much more subdued order momentum. Nonetheless, Traton’s management expects that solid orders from the fourth quarter of 2024 and the first quarter of 2025 will lead to a stronger performance in the latter half of the year, which is essential for the company to meet its full-year guidance.
The update from Deutsche Bank suggests confidence in Traton’s ability to navigate through the current market challenges and capitalize on its strong order book to deliver on its financial targets for the year. The revised price target reflects a modestly more optimistic outlook on the company’s valuation from the bank’s perspective.
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