UPDATE: KeyBanc Downgrades Autoliv to Hold

According to KeyBanc, Autoliv (NYSE: ALV) is downgraded to Hold.

KeyBanc said that it is downgrading the stock to HOLD from BUY. “We are lowering our earnings estimates to $1.71 from $1.89 for 4Q11 (First Call $1.81), to $6.67 from $6.79 for 2011 (First Call consensus $6.84) and to $6.80 from $7.35 for 2012 (First Call consensus $6.90).”

Autoliv closed yesterday at $55.76.