UBS upgrades Volvo B to ‘Sell’

ZURICH (dpa-AFX Analyzer) – Swiss central bank UBS has raised its target price for the Volvo B from 240 to 263 Swedish crowns, but left the rating at “Sell”. The commercial vehicle maker’s first quarter should have been solid, wrote analyst Hemal Bhundia in an outlook available Monday. But the road is getting worse: positive price effects, which should have been marginally supportive in the first half of the year, may fade in the second half./gl/edh

Publication of original research: April 15, 2024 / 10:59 am / GMT First transmission of original research: April 15, 2024 / 10:59 am / GMT

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Volvo Registered (B) shares are trading at an increase of +1,06 % with a rate of 24.78EUR sold on Tradegate (April 15, 2024, 1:21 pm).