<div id="readability-page-1"><div><p>Citi has once again shifted its stance on truck and bus manufacturer Volvo, upgrading its recommendation to &#34;Buy&#34; (from &#34;Hold&#34;) with a target price of 328 kronor.</p><p>  The revision comes as Citi believes analysts' forecasts do not fully capture the potential recovery in both the truck and construction equipment markets, as well as the prospect of margin improvements in 2026 and 2027, according to EFN.</p><p>  The bank also expects Volvo to gain market share in North America when the market rebounds.</p><p>Citi further notes that the market currently anticipates a reduction in Volvo's special dividend next year. However, the bank sees room for a recovery as cash flow strengthens and the new factory in Mexico is completed. According to Citi's projections, the total dividend could reach approximately 15.50 kronor per share in 2027 and return to the record level of 18.50 kronor the following year.</p></div></div>

沃爾沃(ADR)

<p>花旗將沃爾沃評級上調至 “買入”，目標價為 328 克朗，理由是卡車和建築設備市場的復甦潛力被低估、利潤率改善以及在北美市場份額的增長。花旗預計到 2027 年每股總分紅為 15.50 克朗，隨後一年將回升至 18.50 克朗，隨着現金流的增強和墨西哥新工廠的完工</p>

花旗銀行將沃爾沃評級上調至買入，指出其復甦潛力被低估