Barclays ups Daimler Truck to 'overweight', sees sector recovery gaining pace

Daimler Truck Holding AG

08/07/2026 07:55

** Barclays raises Daimler Truck DTGGe.DE to "overweight" from "equal-weight", saying the stock offers "the clearest path" to earnings upgrades and share price outperformance
** Broker also raises its preference for the European truck sector, saying it remains undervalued and less exposed than autos to issues such as China competition, overcapacity and pricing pressure
** The brokerage says Q1 marked the trough of the truck cycle, with a recovery now under way
** Barclays sees the North American Class 8 market entering a supply-driven upcycle, supported by capacity cuts, tighter driver regulations and improved regulatory visibility
** It expects the sector's improving backdrop to support FY 2026 guidance reaffirmations or upgrades, particularly at Daimler Truck, during Q2
** Barclays highlights Daimler Truck's strong North American exposure, European turnaround potential, attractive shareholder returns and valuation upside
** The broker keeps Traton 8TRA.DE at "equal-weight", saying valuation is attractive but catalysts are limited
** It maintains "underweight" on Volvo VOLVb.ST, saying premium valuation and earnings expectations remain ahead of fundamentals


 (Reporting by Amir Orusov)
 ((Amir.orusov@thomsonreuters.com))