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Goldman Sachs Reaffirms Their Buy Rating on Volvo AB (0HTP)

Tipranks - Tipranks - Fri Mar 27, 8:00AM CDT

In a report released today, Daniela Costa from Goldman Sachs maintained a Buy rating on Volvo AB, with a price target of SEK363.00.

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According to TipRanks, Costa is a 5-star analyst with an average return of 10.3% and a 64.53% success rate. Costa covers the Industrials sector, focusing on stocks such as TRATON SE, Siemens, and Volvo AB.

In addition to Goldman Sachs, Volvo AB also received a Buy from TipRanks – xAI’s xAi Industrials GB in a report issued on March 22. However, on March 23, RBC Capital maintained a Hold rating on Volvo AB (LSE: 0HTP).

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Based on Volvo AB’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of SEK123.8 billion and a net profit of SEK9.61 billion. In comparison, last year the company earned a revenue of SEK138.41 billion and had a net profit of SEK10.74 billion

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