NEW YORK (dpa-AFX Broker) - U.S. investment bank Bank of America (BofA) upgraded Traton to "buy" from "neutral" and raised its price target to 21 euros from 17 euros. The truck maker suffered particularly from supply chain issues in 2022, analyst Michael Jacks wrote in an industry report released Thursday. However, he said they have now largely been dealt with. For 2023, Jacks sees surprise potential in Scania and MAN sales. He is also optimistic about the Navistar integration and savings at MAN./ag/ajx

Original study release date: Jan. 19, 2023 / 00:30 / EST.

First disclosure of the original study: 19.01.2023 / 00:30 / EST