JEFFERIES upgrades Volvo B to ‘Buy’

JEFFERIES upgrades Volvo B to ‘Buy’


NEW YORK (dpa-AFX Analyzer) – Analyst firm Jefferies has left Volvo B’s rating at “Buy” with a price target of 330 Swedish crowns. Volume could rise again next year, wrote analyst Michael Aspinall in a research note available on Wednesday. This year, commercial vehicle manufacturers’ margins are expected to stand up well and cash generation is expected to be good./bek/he

Original research published: April 17, 2024 / 12:29 / ET First transmission of original research: April 17, 2024 / 12:29 / ET

Note: Information on the obligation to provide information in the event of conflicts of interest within the meaning of Section 85 Para 1 WpHG, Art 20 Regulation (EU) 596/2014 for the said analyst company can be found.

Volvo Registered (B) shares are trading at an increase of +1,44 % with a rate of 24.63EUR sold on Tradegate (April 17, 2024, 8:10 pm).

Research Institute: JEFFERIES
Analyst: Michael Aspinall
Company analyzed: Volvo B
New stock classification: positive
New course objective: 330
Past target price: 330
Currency: SEC
Duration: 12 m

also read