Goldman Sachs analyst Daniela Costa lowered the firm’s price target on Volvo to SEK 336 from SEK 382 but keeps a Buy rating on the shares. The latest datapoints from the firm’s Multis Toolkit Trucking Barometer suggest one of the toughest end market backdrops across its coverage for Trucks OEMs in 2025, the analyst tells investors in a research note. The company’s upcoming Capital Markets Day however could serve as a rerating for the stock, as the firm is expecting the management’s through-cycle margin target to be upgraded from over 10% to over 12%, Goldman Sachs added.
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