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J.P. Morgan Reaffirms Their Buy Rating on Volvo AB (0HTP)

Tipranks - Tipranks - Fri Jan 30, 3:28AM CST

J.P. Morgan analyst Jose Asumendi maintained a Buy rating on Volvo AB today and set a price target of SEK330.00.

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According to TipRanks, Asumendi is a 4-star analyst with an average return of 6.0% and a 55.80% success rate. Asumendi covers the Consumer Cyclical sector, focusing on stocks such as Mercedes-Benz Group, Stellantis, and Bayerische Motoren Werke Aktiengesellschaft.

In addition to J.P. Morgan, Volvo AB also received a Buy from RBC Capital’s Nicholas Housden in a report issued yesterday. However, on the same day, TipRanks – DeepSeek reiterated a Hold rating on Volvo AB (LSE: 0HTP).

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Based on Volvo AB’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of SEK110.69 billion and a net profit of SEK7.54 billion. In comparison, last year the company earned a revenue of SEK116.98 billion and had a net profit of SEK10.02 billion

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