UPDATE: Deutsche Bank Lowers PT on Autoliv on Potential Upside

In a report published Monday, Deutsche Bank analyst Rod Lache reiterated a Hold rating on Autoliv ALV, but lowered the price target from $69.00 to $66.00.

In the report, Deutsche Bank noted, “We assess the potential upside that may be left in Supplier stocks under a variety of different scenarios including if the suppliers achieve their long term growth/margin objectives (our models are generally more conservative), if the European market returns to trend, and if companies deploy their balance sheets more aggressively. We believe that the exercise should be helpful to investors, as it frames a number of factors that are relevant with respect to valuation.”

Autoliv closed on Friday at $79.21.