UBS has upgraded Volvo AB shares from "Neutral" to "Buy," raising the target price to SEK 370 from SEK 302, reflecting a positive outlook on the European truck market. Despite a general forecast of a 4% decline in truck deliveries, the analyst anticipates stable growth supported by expected ECB interest rate cuts in 2025. Other banks, including JPMorgan and Morgan Stanley, have also expressed confidence in Volvo's strong margins and strategic positioning, while potential risks from proposed US tariffs on auto imports loom.