Daimler Truck (OTCMKTS:DTRUY) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Daimler Truck from a "strong-buy" to a "hold" in a note to investors issued Tuesday.
• Analyst opinions are mixed: MarketBeat shows 1 Strong Buy, 4 Buy and 2 Hold, giving a consensus rating of "Moderate Buy", while individual firms range from DZ Bank's upgrade to strong-buy to Goldman Sachs' neutral stance.
• Shares opened at $26.18, trading near a 1‑year high of $26.45 (1‑year low $17.48); the 50‑day and 200‑day moving averages are $24.70 and $22.65, respectively.

Daimler Truck (OTCMKTS:DTRUY - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts also recently issued reports on the company. The Goldman Sachs Group restated a "neutral" rating on shares of Daimler Truck in a research report on Wednesday, January 7th. DZ Bank upgraded Daimler Truck from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Daimler Truck in a report on Thursday, February 19th. Morgan Stanley reiterated an "overweight" rating on shares of Daimler Truck in a report on Tuesday, January 13th. Finally, Citigroup reiterated a "buy" rating on shares of Daimler Truck in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Daimler Truck presently has a consensus rating of "Moderate Buy".

Daimler Truck Stock Performance

Shares of Daimler Truck stock opened at $26.18 on Tuesday. Daimler Truck has a 1 year low of $17.48 and a 1 year high of $26.45. The business has a 50 day moving average price of $24.70 and a 200 day moving average price of $22.65.

Daimler Truck Company Profile

Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.

In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.

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