Goldman Sachs Group Inc. lowered shares of Volvo AB (OTCMKTS:VOLVY) from a neutral rating to a sell rating in a research note issued to investors on Tuesday morning.
Several other brokerages also recently issued reports on VOLVY. Piper Jaffray Cos. downgraded shares of Volvo AB from a neutral rating to an underweight rating in a research note on Friday, November 4th. Jefferies Group downgraded shares of Volvo AB from a buy rating to a hold rating in a research note on Tuesday, July 26th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Volvo AB has an average rating of Hold.