Volvo AB (0HTP) Receives a Buy from UBS
In a report released today, Hemal Bhundia from UBS maintained a Buy rating on Volvo AB, with a price target of SEK380.00.
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Bhundia covers the Industrials sector, focusing on stocks such as Volvo AB, TRATON SE, and Daimler Truck Holding AG. According to TipRanks, Bhundia has an average return of 3.5% and a 53.57% success rate on recommended stocks.
In addition to UBS, Volvo AB also received a Buy from Goldman Sachs’s Daniela Costa in a report issued on March 26. However, today, Bernstein maintained a Hold rating on Volvo AB (LSE: 0HTP).
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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- Volvo price target raised to SEK 342 from SEK 323 at Morgan Stanley
- Volvo sells 45% ownership in Flexis to Renault
- Volvo price target raised to SEK 321 from SEK 290 at Deutsche Bank
- Volvo downgraded to Sector Perform from Outperform at RBC Capital
- Volvo price target raised to SEK 360 from SEK 330 at JPMorgan
