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UPDATE: Pareto Securities Downgrades Autoliv on Dull Outlook

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Pareto Securities downgraded Autoliv (NYSE: ALV) from Buy to Hold.

Pareto Securities said, “Our key concerns about Autoliv are, firstly, that it has grown less than global car production for three consecutive quarters and, secondly, due to issues related to its footprint (excess production capacity in Europe and ramp-up costs in growth regions). Lastly, we believe the weak car production outlook adds to the burden. … We lower our estimates to reflect weak near-term profitability, with Autoliv expecting an 8% EBIT margin in Q1 and 9% for 2013 (adjusted for streamlining charges and a potential anti-trust penalty).”

Autoliv closed at $65.80 on Thursday.

Latest Ratings for ALV

DateFirmActionFromTo
Jul 2014Deutsche BankMaintainsHold
Jul 2014BarclaysMaintainsUnderweight
Jul 2014BarclaysMaintainsUnderweight

View More Analyst Ratings for ALV
View the Latest Analyst Ratings

Posted-In: Pareto SecuritiesAnalyst Color Downgrades Analyst Ratings

 

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