Susquehanna Iniates coverage On Multiple Auto Stocks

On Tuesday, Matthew Stover of Susquehanna Financial Group initiated coverage on several auto stocks:

Autoliv Inc. ALV Neutral rating; $99 price target. Stover finds Autoliv is the “undisputed leader in passive safety.”

American Axle & Manufacturing Holdings AXL Neutral rating; $18 price target.

Dana Holding Corporation DAN Neutral rating; $19 price target. Susquehanna analysts feel that Dana Holding Corp is “undoubtedly a cheap stock.”

Ford Motor Company F Neutral rating; $14 price target.

General Motors Co. GM Neutral rating; $30 price target.

Lear Corporation (NYSE; LEA) Neutral rating; $90 price target.

Visteon Corporation VC Positive rating; $107 price target. Stover noted, ‘Visteon has been a hidden value story since emerging from bankruptcy.”

Tenneco Inc. TEN Positive rating; $61 price target. Analysts find, “the company's Emissions Control has a very attractive growth potential as emissions standards change around the world.”

BorgWarner Inc. BWA Positive rating; $67 price target. Stover wrote, “In our view, BWA is one of the best ways to play tightening emissions/fuel efficiency standards on a global basis.”