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UBS Reaffirms Their Buy Rating on Volvo AB (0HTP)

Tipranks - Tipranks - Wed Jan 21, 9:36PM CST

In a report released yesterday, Andre Kukhnin from UBS maintained a Buy rating on Volvo AB. The company’s shares closed last Monday at SEK304.90.

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Kukhnin covers the Industrials sector, focusing on stocks such as Schneider Electric, Siemens, and Alstom SA. According to TipRanks, Kukhnin has an average return of 9.1% and a 67.89% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Volvo AB with a SEK288.00 average price target, which is a -5.54% downside from current levels. In a report released on January 19, Nordea Markets also upgraded the stock to a Buy with a SEK36.00 price target.

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0HTP market cap is currently SEK635.3B and has a P/E ratio of 17.85.

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