Goldman Sachs upgraded Volvo (VLVLY) to Buy from Neutral with a price target of SEK 333, up from SEK 267, seeing the company as a relative beneficiary from section 232 tariffs in Trucks and lower rates and German stimulus benefiting Construction Equipment. Goldman expects Volvo to improve their competitive positioning in the U.S. through new product launches and a more favorable footprint towards tariffs than other European OEMs, the analyst tells investors.
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