In a report released today, Michael Aspinall from Jefferies maintained a Buy rating on Volvo AB, with a price target of SEK350.00. The company’s shares closed last Friday at SEK275.93.
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Aspinall covers the Industrials sector, focusing on stocks such as Daimler Truck Holding AG, Volvo AB, and TRATON SE. According to TipRanks, Aspinall has an average return of 5.9% and a 58.62% success rate on recommended stocks.
Currently, the analyst consensus on Volvo AB is a Moderate Buy with an average price target of SEK302.44, implying a 9.61% upside from current levels. In a report released on October 3, Kepler Capital also maintained a Buy rating on the stock with a SEK300.00 price target.
0HTP market cap is currently SEK560.8B and has a P/E ratio of 14.74.
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- Trump threatens new tariffs on drugs, kitchen cabinets, trucks: Morning Buzz
- Trump to impose 25% tariff on heavy truck imports starting October 1
- Volvo downgraded to Neutral from Buy at Goldman Sachs
- Ecarx announces Antora, Cloudpeak to power Volvo XC70 SUV