UBS maintains sell rating on Volvo after disappointing third quarter results

Volvo B shares have been given a "Sell" rating by UBS, with a target price of 263 Swedish kronor, following disappointing third-quarter results.

According to analyst Hemal Bhundia, Volvo fell short of expectations in all key metrics. The challenges faced by Volvo in meeting market forecasts are highlighted in a report released on October 18, 2024.

Investors are advised to consider the implications of these results on the company's future performance.

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