Daimler Truck Kept at Sell at Mwb After 'Mixed' Q2 Preliminary Results; Estimates Updated

06:37 AM EDT, 07/24/2026 (MT Newswires) -- Mwb research affirmed its investment view on Daimler Truck (DTG.F) after the German automaker posted preliminary second-quarter figures, alongside an upgraded full-year guidance. "Daimler Truck's preliminary Q2 results were mixed, with weaker revenue and earnings offset by strong cash flow. Trucks North America showed solid margin resilience, while Mercedes-Benz Trucks remained under pressure from softer demand and negative operating leverage. Daimler Buses and Financial Services provided support, but the core industrial picture stayed uneven," mwb said Thursday. For the second quarter, Daimler Truck's preliminary adjusted EBIT was 838 million euros, with industrial business revenue at 11.42 billion euros. Citing an updated tariff framework and increased unit sales expectations for Trucks North America, the group now forecasts 2026 adjusted EBIT of 3.6 billion euros to 4.1 billion euros from the prior 3.2 billion euros to 3.7 billion euros. Unit sales for the year are now expected at 340,000 to 370,000, from the previous forecast of 330,000 to 360,000. "The guidance upgrade suggests that DTG's cost base is improving faster than expected, leading us to raise our 2026 profit and FCF estimates. We made only modest changes to later years, as most structural savings were already reflected in our forecasts. We view the improvement in unit sales mainly as a catch-up effect from ageing fleets rather than the start of a sustained demand recovery," analysts said. As such, mwb retained its sell rating on the stock, with the price target up to 33 euros from 30 euros.