Daimler Truck managed to move slightly into the green in Frankfurt with a gain of less than 1%, helped by Stifel, which reaffirmed its 'buy' recommendation on the truck maker's stock and raised its target price from €41 to €58.

Noting that its Mercedes-Benz brand has significantly narrowed the performance gap with its peer Volvo, the broker deems it "increasingly difficult to justify Daimler Truck's heavy valuation discount", which has nonetheless widened in relation to the Swede.

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