Volvo B has been upgraded by UBS from "Sell" to "Neutral," with a price target increase from 263 to 274 Swedish kronor.
According to analyst Hemal Bhundia, the truck manufacturer's outlook for 2025 is expected to address initial concerns about a potential downturn.
The adjustment is based on the fact that the current share price already reflects the challenging conditions in Europe and North America, which are anticipated to improve in the latter half of 2025.
This positive outlook aligns with a study published by UBS on October 25, 2024.