Bernstein upgraded Volvo (VLVLY) to Market Perform from Underperform with a price target of SEK 270, up from SEK 240. The firm sees European truck market growth continuing and views Volvo shares as fairly valued after a weak six months.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VLVLY:
- Tesla (TSLA) European Sales Rebound, Led by France and Denmark Growth
- 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