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UBS has increased its price target for Volvo B shares from 274 to 302 Swedish kronor while maintaining a "Neutral" rating. Analyst Hemal Bhundia noted that the anticipated improvement in the truck market for 2025 is already reflected in the current pricing.
UBS has maintained its "Buy" rating for Hennes & Mauritz, setting a target price of 187 Swedish kronor. Analyst Sreedhar Mahamkali noted that the company's operating results surpassed expectations, although the current situation remains challenging.
UBS has maintained its 'Buy' rating for H&M, setting a target price of 187 Swedish kronor, following quarterly results that surpassed expectations. Analyst Sreedhar Mahamkali noted that while the operating result was strong, the current situation remains challenging.
UBS has raised its price target for Volvo to SEK 302 while maintaining a neutral stance. AB Volvo, Europe's leading truck manufacturer and third globally, reported that truck sales account for 68.4% of its revenue, with 219,377 vehicles expected to be sold in 2024. The company also generates income from construction equipment, financial services, buses, and parts, with a geographical sales distribution of 41.1% in Europe, 30.8% in North America, and smaller percentages in Asia, South America, Africa, and Oceania.
UBS has raised its target price for Volvo to SEK 302, maintaining a neutral stance on the stock. As the leading European truck manufacturer and the third largest globally, Volvo's net sales are primarily driven by truck sales (68.4%), followed by construction equipment (16.8%) and financial services (5.1%). Geographically, sales are concentrated in Europe (41.1%) and North America (30.8%).
Nordea Bank Abp reported growth in FY24, with attributable net profit and operating income reflecting its diverse banking services. The income distribution highlights personal banking at 38.9%, business banking at 29.2%, institutional and large corporate banking at 20.2%, and assets and wealth management at 11.7%. Geographically, income is sourced from Finland (24.9%), Sweden (27.3%), Denmark (26.5%), Norway (17.5%), and other regions (3.8%).
Barclays has increased its target price for Tele2 AB to SEK 145 from SEK 135, maintaining an Overweight rating. Tele2, a major European telecommunications operator, generates 72.6% of its net sales from end-user services, with significant revenue coming from Sweden (76.6%), Lithuania (13.3%), Latvia (6.8%), and Estonia (3.3%).
UBS has maintained its "Neutral" rating for Volvo B, setting a target price of 274 Swedish kronor. Analyst Hemal Bhundia noted that the company's fourth-quarter performance met expectations, with particular attention on margins and truck orders.
UBS has maintained a "Neutral" rating for Volvo B, setting a target price of 274 Swedish kronor. The bank noted that Volvo's fourth-quarter performance met expectations, with particular attention on margins and truck orders. In 2023, Volvo sold 246,272 vehicles, with truck sales accounting for 66.3% of net sales, while construction equipment and financial services contributed 18.7% and 4.3%, respectively. The company's sales are primarily concentrated in Europe (42.8%) and North America (29.8%).
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 fourth-quarter performance met expectations, with particular attention on margins and truck orders. On January 29, 2025, Volvo B shares saw a significant increase, closing at €27.03, up 6.08%.
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UBS raises Volvo price target while maintaining neutral rating
13:13 30.01.2025
UBS maintains buy rating for H&M with target price of 187 kronor
12:39 30.01.2025
ubs upgrades h m to buy with target price of 187 kronor
11:39 30.01.2025
ubs raises volvo price target as truck sales lead market growth
10:11 30.01.2025
ubs raises volvo target price to 302 sek maintains neutral outlook
10:11 30.01.2025
nordea bank reports growth in net profit and operating income for fy24
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06:53 30.01.2025
Barclays increases Tele2 target price to 145 SEK maintaining Overweight rating
06:24 30.01.2025
UBS maintains neutral rating for Volvo with target price of 274 kronor
12:31 29.01.2025
ubs maintains neutral rating for volvo b with target price of 274 kronor
12:18 29.01.2025
ubs maintains neutral rating for volvo b with target price of 274 kronor
11:31 29.01.2025
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