Gabelli Has Buy on Autoliv

Gabelli is out with a research report on Autoliv (NYSE: ALV) and it has a Buy rating on shares.

In a note to clients, Gabelli writes, "We are raising our EPS estimate for FY11 by $0.25 to $7.00 on better than expected SG&A leverage as well as a stronger operating margin for 4Q. Meanwhile, we are lowering our FY12 EPS estimate for ALV by $0.35 to $7.30 to adjust for potential OEM pricing pressure along with less favorable currency expectations (USD/Yen)."