Morgan Stanley Downgrades Daimler Truck (OTCMKTS:DTRUY) to Equal Weight

Daimler Truck (OTCMKTS:DTRUYGet Free Report) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued on Friday, Briefing.com reports.

A number of other brokerages have also commented on DTRUY. Kepler Capital Markets raised Daimler Truck from a “reduce” rating to a “buy” rating in a report on Tuesday, July 21st. Barclays upgraded shares of Daimler Truck from a “hold” rating to an “overweight” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada restated an “outperform” rating on shares of Daimler Truck in a research report on Thursday, August 13th. Citigroup reaffirmed a “buy” rating on shares of Daimler Truck in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

View Our Latest Analysis on DTRUY

Daimler Truck Stock Up 1.7%

DTRUY stock opened at $26.56 on Friday. The firm’s 50-day simple moving average is $25.96 and its 200 day simple moving average is $24.96. Daimler Truck has a fifty-two week low of $19.43 and a fifty-two week high of $28.73.

Daimler Truck (OTCMKTS:DTRUYGet Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.39). The company had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.29 billion. As a group, analysts forecast that Daimler Truck will post 1.97 EPS for the current fiscal year.

About Daimler Truck

(Get Free Report)

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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