- (PLX AI) - Volvo may suffer in the short term from production stoppages, strikes in the United States and higher production costs, but in the long term the stock still hold opportunities, analysts at Kepler Cheuvreux said.
- • Kepler cut its price target on Volvo to SEK 240 from SEK 260 but kept the buy rating unchanged
- • Demand for transportation remains strong and Volvo's valuation remains favorable, Kepler said
- • The second quarter should show a significant improvement over easy comparisons to year-ago figures: Kepler
- • Volvo should keep the outlook for truck markets broadly unchanged as demand remains good and supply chain issues should be temporary: Kepler