Investment bank Goldman Sachs has raised its rating on truck maker Volvo, from ‘neutral’ to ‘buy’.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The bank’s analysts said in a research note that Volvo’s shares now represented an investment opportunity.


The broker said concerns over the impact of an expected decline in the US truck market in 2007 had depressed Volvo’s valuation, which now more than discounted the prospective downturn and offered an investment opportunity.


Goldman Sachs has a price target of 450 Swedish crowns on Volvo.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.