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UBS maintains a neutral stance on AB Volvo, Europe"s leading truck manufacturer and the third largest globally. In 2023, truck sales accounted for 66.3% of revenue, with 246,272 vehicles sold, while construction equipment sales made up 18.7%. The company also ranks as the world"s second-largest bus manufacturer, with geographical sales distribution of 42.8% in Europe, 29.8% in North America, and smaller shares in Asia, South America, Africa, and Oceania.
AB Volvo, the leading European truck manufacturer and third globally, reported 2023 net sales with 66.3% from truck sales, 18.7% from construction equipment, and smaller contributions from financial services, bus and chassis, and marine and industrial parts. Geographically, sales are distributed with 42.8% in Europe, 29.8% in North America, and the remainder across Asia, South America, Africa, and Oceania.
UBS has maintained a "Neutral" rating for Volvo B, setting a target price of 274 Swedish kronor. Analyst Hemal Bhundia noted that the company"s goal of achieving a 25% market share in North America is ambitious and will require significant effort to realize. In 2023, Volvo, a leading European truck manufacturer, reported net sales primarily from truck sales (66.3%), with a geographical breakdown showing 42.8% from Europe and 29.8% from North America.
AB Volvo (publ) has received a "Neutral" rating from UBS Group, upgraded from "sell," while other analysts have varied ratings, including "strong buy" and "hold." The stock currently holds a "Moderate Buy" average rating, with a market cap of $51.74 billion and recent earnings of $0.47 per share. Despite not being among the top five recommended stocks, AB Volvo continues to be a significant player in the manufacturing of trucks, buses, and construction equipment globally.
UBS has upgraded Volvo B from "Sell" to "Neutral," increasing its price target from 263 to 274 Swedish kronor. Analyst Hemal Bhundia noted that the truck manufacturer's outlook for 2025 alleviates initial concerns about a downturn, with expectations for recovery in Europe and North America by late 2025.
UBS has upgraded Volvo B from "Sell" to "Neutral," increasing its price target from 263 to 274 Swedish kronor. Analyst Hemal Bhundia noted that the truck manufacturer's outlook for 2025 alleviates initial concerns about a downturn, with expectations of recovery in Europe and North America by the second half of 2025.
UBS has upgraded Volvo B from "Sell" to "Neutral," increasing its price target from 263 to 274 Swedish kronor. Analyst Hemal Bhundia noted that the truck manufacturer's outlook for 2025 alleviates initial concerns about a downturn, with expectations of recovery in Europe and North America by the second half of 2025.
UBS has upgraded Volvo AB's stock rating from Sell to Neutral, citing a less severe truck sector downturn anticipated for 2025. Despite current macroeconomic challenges, Volvo reported a 3% increase in retail deliveries and a rise in gross margin to 20.5%, driven by its electrified vehicles. The company aims for neutral free cash flow by 2025 and expects minimal growth in Q4, while maintaining a strong competitive position with the EX30, its best-selling EV in Europe.
UBS has downgraded Volvo to a neutral rating with a target price of SEK 274, slightly up from SEK 263. The company, a leading European truck manufacturer and third globally, reported 2023 net sales with 66.3% from truck sales, 18.7% from construction equipment, and smaller contributions from financial services, buses, and parts. Geographically, 42.8% of sales came from Europe, followed by North America at 29.8%.
UBS has downgraded Volvo to neutral with a target price of SEK 274, slightly up from SEK 263. The company, a leading European truck manufacturer and third globally, reported 2023 net sales with 66.3% from truck sales, 18.7% from construction equipment, and smaller contributions from financial services, buses, and parts. Geographically, 42.8% of sales came from Europe, followed by North America at 29.8%.

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