Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating, Lowers PT on Autoliv

Share:
Related ALV
Neonode to Showcase zForce(R)DRIVE(TM) at the 66th Frankfurt Motor Show IAA
Benzinga's Top Upgrades
Toyota (TM) Tests Autoliv & Nippon Kayaku Airbag Inflators (Zacks)

In a report published Friday, Deutsche Bank reiterated its Hold rating on Autoliv (NYSE: ALV), but lowered its price target from $72.00 to $68.00.

Deutsche Bank noted, “Q4 was in-line; guidance was weak - Autoliv reported Q4 EPS of $1.58, ex items; above our $1.32 estimate and consensus of $1.33. Most of the upside was below the operating income line, including a lower-than-expected tax rate ($0.18) and interest / other ($0.03). But the focus for Autoliv, and for other suppliers, was on the company's 2013 guidance, which was well below consensus. We are maintaining our Hold rating based on valuation.”

Autoliv closed on Thursday at $65.80.

Latest Ratings for ALV

DateFirmActionFromTo
Jul 2015Credit SuisseUpgradesNeutralOutperform
Jul 2015Bank of AmericaDowngradesBuyNeutral
Jul 2015CitigroupMaintainsNeutral

View More Analyst Ratings for ALV
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (ALV)

Get Benzinga's Newsletters