UPDATE: Wolfe Research Upgrades Autoliv, Inc. (ALV) to Outperform

December 2, 2021 6:33 AM EST
Get Alerts ALV Hot Sheet
Price: $96.79 +0.91%

Rating Summary:
    10 Buy, 24 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 16 | New: 32
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(Updated - December 2, 2021 6:42 AM EST)

Wolfe Research analyst Rod Lache upgraded Autoliv, Inc. (NYSE: ALV) from Peerperform to Outperform, PT $125.00.

The analyst comments "We believe that ALV’s underlying profitability has already been much better than it appeared, as they’ve mitigated massive margin pressure from volume and commodities over the past 2-years. And we think there’s more cost self-help to come, which could lead to surprising earnings power. With help from a buyback ($1.5 bn, or 17% of outstanding shares over 3- years), we see EPS of $11.40 by 2023. At 11x, the shares could reach $125. Our other Supplier picks are: ADNT (low expectations, and turnaround potential); GT (the best pricing environment in 10-years); TEL (accelerating secular growth at a compelling valuation), and; APTV (2022 could be the year of the AV, and APTV owns a premier asset)."

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 $95.53 yesterday.


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