Stifel upgraded Volvo (VLVLY) to Buy from Hold with a price target of SEK 318, up from SEK 282. While Volvo’s Q3 earnings were a meaningful miss, the problems in the quarter were both Volvo-specific and temporary while Volvo’s 2025 market outlook was a “firm positive for the entire sector,” the analyst tells investors in a research note. Stifel now sees an attractive entry point for the shares.
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