UPDATE: DNB Markets Initiates Autoliv at Buy: Q4 A Likely Profitability Trough
DNB Markets initiated coverage on Autoliv (NYSE: ALV) with a Buy rating.
DNB Markets noted, "As we believe Q4 2012 will mark the trough in profitability at 9%, we focus on the above-market growth we see for Autoliv in the coming years, driven by market share gains in emerging markets and increased sales of active safety products. As we forecast 14% annual EPS growth in the next two years, we find 2013e P/E of 9.5x undemanding."
Autoliv closed at $61.63 on Thursday.
Latest Ratings for ALV
|Dec 2016||BMO Capital||Initiates Coverage On||Outperform|
|Nov 2016||Jefferies||Initiates Coverage On||Buy|
|Nov 2016||Goldman Sachs||Upgrades||Sell||Neutral|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.