Daimler Truck stock: Citi trims target, keeps Buy rating

Citi has lowered its price target for Daimler Truck while keeping a Buy rating on the shares, adding a more cautious valuation signal to the truckmaker's strong third-quarter operating performance. Markets Insider, citing TipRanks, reported the analyst move on Monday, November 9, 2026.

Citi analyst Klas Bergelind reduced the target from 53.80 euros to 51 euros. The rating remained Buy, indicating that the lower target did not change the bank's positive view of the shares' direction over its assessment period. The target cut followed Daimler Truck's November 6 release of its third-quarter results.

North America drives recovery

Daimler Truck said Industrial Business revenue rose to 11.635 billion euros in the third quarter from 9.695 billion euros a year earlier. Adjusted Group EBIT increased to 1.124 billion euros from 648 million euros, while adjusted Industrial Business return on sales reached 9.1 percent compared with 6.2 percent.

Trucks North America was the main earnings driver. Segment revenue climbed to 5.704 billion euros from 3.996 billion euros, and adjusted EBIT jumped to 691 million euros from 257 million euros. The segment's adjusted return on sales rose to 12.1 percent from 6.4 percent, according to the company's November 6 press release.

The recovery also lifted group cash generation. Industrial Business free cash flow reached 974 million euros, compared with 24 million euros in the prior-year quarter. Incoming orders increased 10 percent to 71,168 vehicles, while unit sales rose 26 percent to 91,260.

Guidance stays unchanged

Management confirmed its full-year 2026 outlook, including an adjusted Industrial Business return on sales of 7 to 9 percent. Daimler Truck also expects Industrial Business free cash flow of 3.0 billion to 3.5 billion euros and adjusted Group EBIT of 3.6 billion to 4.1 billion euros.

The unchanged outlook leaves execution and order momentum as the next major tests for the shares. Citi's target reduction shows that stronger current earnings do not automatically translate into a higher valuation, even though the bank continues to rate the stock Buy.

Daimler Truck stock traded at 42.53 euros on Lang & Schwarz at 10:33 CET on Wednesday, November 11, 2026, 0.56 percent below the Xetra close of Tuesday, November 10.

European equities remain the broader backdrop for Daimler Truck stock; investors can follow the DAX market environment.

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