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Daimler Truck has been downgraded to Equal Weight from Overweight by Barclays, reflecting a shift in the investment outlook for the company. This change highlights a more cautious stance on Daimler Truck's performance in the market.
Barclays adopts a cautious stance on European truck manufacturers due to rising U.S. tariffs and regulatory risks, which could undermine the current stabilization in Europe, particularly affecting export-driven economies like Germany. The broker warns of potential earnings and cash flow downside risks for the sector, prompting downgrades for Daimler Truck and Traton to "equal-weight" and Volvo AB to "underweight," citing unfavorable valuations and significant foreign exchange challenges.
Barclays has downgraded Daimler Truck Holding from Overweight to Equalweight, setting a price target of EUR 45.00 due to concerns over short-term challenges in North America and delays in a cost reduction program in Europe. While the company's long-term strategy remains valued, the lack of immediate catalysts and high expectations for 2025 raise risks of disappointment. Investors are advised to monitor the upcoming Capital Markets Day for potential insights into the company's cost-saving initiatives and market sentiment.
UBS has announced the nominations of Renata Jungo Brüngger and Lila Tretikov for its Board of Directors, set for election at the Annual General Meeting on April 10, 2025. Jungo Brüngger, currently with Mercedes-Benz Group AG, brings expertise in legal affairs and governance, while Tretikov, a technology specialist in AI and digital transformation, leads AI strategy at New Enterprise Associates. Their appointments follow the departures of Claudia Böckstiegel and Nathalie Rachou from the Board.
UBS is set to appoint Renata Jungo Brüngger, a legal expert from Mercedes-Benz, and Lila Tretikov, an AI specialist from New Enterprise Associates, to its Board of Directors at the upcoming Annual General Meeting. This move follows the decision of Claudia Böckstiegel and Nathalie Rachou not to seek re-election. Tretikov's expertise in technology and AI is expected to enhance the board's capabilities significantly.
Renata Jungo Brüngger and Lila Tretikov have been nominated for election to the Board of Directors of UBS Group and UBS, replacing Claudia Böckstiegel and Nathalie Rachou. Shareholders will vote on the nominations at the annual general meeting on April 10. Brüngger is currently on the board of Mercedes-Benz Group, focusing on governance and sustainability, and also serves on the boards of Munich Re and Daimler Truck Holding. Tretikov, an expert in AI and technology-driven business transformation, is the head of AI strategy at New Enterprise Associates and has held significant roles at Microsoft and Engie.
UBS will propose Renata Jungo Brüngger and Lila Tretikov for election to its Board of Directors at the Annual General Meeting on April 10, 2025, succeeding Claudia Böckstiegel and Nathalie Rachou, who are not seeking re-election. Jungo Brüngger, an expert in law and sustainability, currently serves on the Board of Mercedes-Benz Group, while Tretikov specializes in artificial intelligence and technology transformation, leading AI strategy at New Enterprise Associates.
UBS has announced the appointment of Renata Jungo Brüngger and Lila Tretikov to its Board of Directors, replacing Claudia Böckstiegel and Nathalie Rachou, who will not seek re-election. Jungo Brüngger, currently a member of the Executive Board at Mercedes-Benz Group, oversees corporate governance and sustainability, and also serves on the boards of Munich Re and Daimler Truck Holding. Shareholders will vote on these appointments at the Annual General Meeting on April 10.
UBS has appointed Renata Jungo Brüngger and Lila Tretikov to its Board of Directors, succeeding Claudia Böckstiegel and Nathalie Rachou, who will not seek re-election. Jungo Brüngger, a member of the Executive Board at Mercedes-Benz Group, focuses on corporate governance and sustainability, while Tretikov, an expert in AI and technology-driven business transformation, leads AI strategy at New Enterprise Associates.
UBS Chairman Colm Kelleher is restructuring the Board of Directors, nominating Renata Jungo Brüngger, a Swiss national and Mercedes-Benz executive, and Lila Tretikov, an AI expert, both of whom lack banking experience. They will replace Claudia Böckstiegel and Nathalie Rachou, who are stepping down for personal reasons.
Daimler Truck Holding AG
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