Stock Rating Runner: Volvo (OTC:VLVLY) Was Downgraded by Goldman Sachs to “Sell”

November 23, 2016 - By Clifton Ray

Stock Rating Runner: Volvo (OTC:VLVLY) Was Downgraded by Goldman Sachs to

Volvo (OTC:VLVLY) Downgrade

EU-listed Volvo (OTC:VLVLY), was downgraded by expert analysts at Goldman Sachs. Goldman Sachs downgraded its rating on the $17.52B market cap company to a “Sell” from a previous “Neutral”.

About 685 shares traded hands. VOLVO AB UNSP ADR EACH REP 1 ORD SHS (OTC:VLVLY) has risen 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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