Volvo AB (0HTP) Gets a Buy from Jefferies

Volvo AB received a Buy recommendation from Jefferies, according to a report released June 26. Analyst Michael Aspinall maintained the rating after the stock closed last Friday at SEK 324.60. Jefferies’ stance points to an expected upside versus the current share price, with the broader consensus price target at SEK 350.40, representing 7.95% potential upside. TipRanks ranks Aspinall #1930 among 12,279 analysts and indicates a Moderate Buy consensus for Volvo AB. The report also cites another bullish view: UBS maintained a Buy rating on June 25 and set a price target of SEK 395.0. On fundamentals, the company’s latest earnings for the quarter ending March 31 showed revenue of SEK 110.77 billion and net profit of SEK 8.32 billion, compared with revenue of SEK 121.79 billion and net profit of SEK 9.89 billion in the prior year.