November 23, 2016 - By Marguerite Chambers
In a an analyst report sent to investors and clients on Wednesday, 23 November, Goldman has downgraded Volvo (OTCMKTS:VLVLY) stock to Sell. VLVLY’s old rating was Neutral.
It is down 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
According to Zacks Investment Research, “Volvo AB is a manufacturer of trucks, buses, construction equipment and marine and industrial engines. It also develops, manufactures and markets equipment for construction and related industries, including wheel and backhoe loaders, hydraulic wheeled and crawler excavators, articulated and rigid haulers, compactors, pavers, pipe layers, road machinery under the brand names of Volvo, SDLG and Terex Trucks. The Company offers repair and maintenance, lease financing, insurance and financial services. It operates primarily in Europe, North America, South America, Asia, and internationally. Volvo AB is headquartered in Gothenburg, Sweden.”
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