Jefferies Keeps Traton on 'Hold' - Target 37 Euros

Analyst Reduced Price Target From 40 Euros

Jefferies analyst David Reynolds reiterated a 'hold' rating on Traton, alongside reducing the price target to 37 euros from 40 euros previously.

Analyst Says Traton Valuation Not Cheap Anymore

Reynolds said that the valuation of Traton is 'no longer cheap', after the stock's recent rally.

Analyst Sees Near-Term Headwinds for Traton

The analyst also sees near-term headwinds for Traton, including supply chain constraints and rising input costs.

Analyst Remains Positive on Traton's Long-Term Prospects

Despite the near-term headwinds, Reynolds remains positive on Traton's long-term prospects, citing the company's strong market position and its focus on electric vehicles.

Traton Stock Price Performance

Traton shares have gained 10% year-to-date, slightly outperforming the broader market.

Conclusion

Jefferies analyst David Reynolds has reiterated a 'hold' rating on Traton, citing a no-longer-cheap valuation and near-term headwinds. However, the analyst remains positive on Traton's long-term prospects.

Sources

Jefferies Belässt Traton auf 'Hold' - Ziel 37 Euro - boerse.de