Morgan Stanley set a SEK 120 price objective on Volvo AB (STO:VOLV-B) in a report published on Monday morning. The brokerage currently has a sell rating on the stock.

A number of other brokerages have also weighed in on VOLV-B. Citigroup Inc. set a SEK 186 price objective on Volvo AB and gave the stock a buy rating in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) set a SEK 149 price objective on Volvo AB and gave the stock a neutral rating in a research report on Monday, July 10th. J P Morgan Chase & Co set a SEK 155 price objective on Volvo AB and gave the stock a neutral rating in a research report on Thursday, July 20th. Finally, UBS AG set a SEK 155 price objective on Volvo AB and gave the stock a neutral rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of SEK 153.

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Volvo AB Company Profile

AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services.

Analyst Recommendations for Volvo AB (STO:VOLV-B)

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