Citigroup cuts Volvo on 2027 margin worries
02/11/2026 11:03
BUZZ-Citigroup cuts Volvo on 2027 margin worries ** Citigroup downgrades Swedish truck maker Volvo VOLVb.ST to "neutral" from "buy", citing downside risk to 2027 earnings
** Previous positive view hinged on truck margin upside through H2 2026 and into 2027, driven by pricing and product mix improvements
** Citi no longer expects that scenario to play out, arguing that underlying truck margins exiting 2026 appear weaker than consensus once temporary tailwinds are stripped out
** Volvo shares are down ~1.4% in the session, though still up around 3% YTD
(Reporting by Elviira Luoma)
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