2024-03-20 06:12:47 ET
Summary
- Traton Group, a major player in truck and bus manufacturing, has doubled in price in the past year, outperforming its peers.
- Traton reported record high vehicle deliveries and sales revenue growth of 16% YoY in fiscal year 2023. Moreover, its sales mix is also supported by strong service revenue.
- In this article, I show why the market has turned bullish on Traton stock and I will explain my new rating.
Introduction
Traton Group (Traton SE) ( OTCPK:TRATF ; OTCPK:TRATY ) has been a surprise I had not anticipated.
The company numbers among the major players in truck and bus manufacturing. Traton was spun off from Volkswagen which sold about 10% of its shares while keeping control of the remaining 90%....
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For further details see:
Traton SE: From Barely Profitable To The Go-To Stock