Jefferies Maintains a 'Hold' on Autoliv, Inc. (ALV); Follow-Up to Q4 Results

Jefferies maintains a 'Hold' on Autoliv, Inc. (NYSE: ALV) price target raised $1 to $64.

Jefferies analyst says, "ALV rallied 2.9% in a strong tape after a 4Q miss but in-line 2012 guide. A variety of factors weighed on near term results, including Thailand floods, materials costs, FX, and R&D. That the shares rallied on the miss, however, illustrates how crowded negative sentiment appears to already be on the name. While valuation keeps us on the sidelines, we're intrigued as we're looking for additional places to deploy capital in autos."

For an analyst ratings summary and ratings history on Autoliv, Inc. click here. For more ratings news on Autoliv, Inc. click here.

Shares of Autoliv, Inc. closed at $64.91 yesterday.

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