What exactly did Deutsche Bank change for AB Volvo on Feb 19, 2026?

Deutsche Bank maintained a **Hold** rating on Feb 19, 2026 and raised its price target to **SEK 321** from **SEK 290**, per TheFly. The action signals modest upside but not enough to upgrade to Buy.

Does the Deutsche Bank note count as a VLVLY upgrade or downgrade?

The note is a **maintained Hold** with a higher price target, so it is neither an upgrade nor a downgrade of the rating itself. It does represent a more optimistic price view.

How should investors use the VLVLY analyst rating in decisions?

Treat the VLVLY analyst rating as one input among fundamentals, macro outlook, and valuation. A Hold implies neutral positioning, so consider earnings, margins, and your time horizon before acting.

Where can I find the original analyst note and related coverage?

Deutsche Bank’s price target update was summarized by TheFly [source](https://thefly.com/permalinks/entry.php/id4296594/1061286394/VLVLY-Volvo-price-target-raised-by-SEK--at-Deutsche-Bank). Broader coverage and recent downgrades are reported on Investing.com [source](https://www.investing.com/news/.

Analyst Ratings

Deutsche Bank Maintains Hold on AB Volvo (VLVLY) Feb 19, 2026

ByDanny Kontos February 20, 2026February 20, 2026

Deutsche Bank maintained a Hold on AB Volvo (VLVLY) on February 19, 2026, while raising its price target to SEK 321 from SEK 290. This VLVLY analyst rating action signals a cautious view: the firm sees some upside but not enough to move to Buy. TheFly reported the note at 12:03 PM, with the stock up 0.76% ($0.29) at the time. Investors should weigh the maintained Hold against recent downgrades from other houses and Volvo’s macro exposure.