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Enter Symbol:
 
Volvo Ab Cl B Adr # (VOLVY) [hlAlert]

Rating:
Overweight
VOLVY
3 Months Gains
down 21.12 %

Volvo Ab Cl B Adr # (VOLVY) upgraded to Overweight by HSBC Securities

Posted on: Thursday,  Jan 16, 2014  8:25 AM ET by HSBC Securities

Volvo Ab Cl B Adr
# (OTCBB: VOLVY) upgraded to Overweight by HSBC Securities.

AB Volvo is a supplier of commercial transport solutions providing products, such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications, as well as aircraft engine components. The Company also offers its customers financial solutions. The Company operates in six segments: Trucks, Buses, Construction Equipment, Volvo Penta, Volvo Aero and Financial Services. The business units include Volvo 3P, Volvo Powertrain, Volvo Parts, Volvo Logistics, Volvo Business Services, Volvo Information Technology (IT), Volvo Real Estate and Volvo Technology. During the year ended December 31, 2009, AB Volvo acquired all shares in Volvo Logistics AB from Fortos Ventures AB.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/16/2014 8:25 AM Buy
None
13.92
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/22/2013 8:25 AM Hold
None
14.76
11/30/2012 8:25 AM Sell
None
14.28
6/19/2012 8:25 AM Hold
None
11.29

(*) Stock Price at the time of the recommendation.
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