Morgan Stanley Cuts Estimates Again For Autoliv - Autoliv (NYSE:ALV)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Monday, Morgan Stanley analyst Ravi Shanker reiterated an Underweight rating and $70.00 price target on Autoliv (NYSE: ALV).In the report, Morgan Stanley noted, “The 3Q miss was driven by China underperformance and higher R&D than expected.The China weakness was likely a one-off driven by excessive inventory builds (and payback for the company's strong outperformance in the past 4 quarters) and we expect ALV's China growth to return to modestly above-market performance in 2015. However,FX headwinds,a lower starting point and margin drag from higher R&D cuts our FY14/FY15 EPS from $5.84/6.80 to $5.65/6.25, though rolling our DCF forward to 2015 keeps our PTat $70. Our estimates are about 10% below consensus.”Autoliv closed on Friday at $90.33.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!