Wells Fargo has decided to maintain its Equal-Weight rating of Autoliv ALV and raise its price target from $81.00 to $94.00.
Shares of Autoliv are trading down 2.36% over the last 24 hours, at $90.59 per share.
A move to $94.00 would account for a 3.76% increase from the current share price.
Autoliv is the global leader in passive safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. The Renault-Nissan-Mitsubishi alliance is the company's largest customer at 13% of 2021 revenue, with Stellantis accounting for 11%, and Volkswagen at 10%. At 31% of 2021 revenue, the Americas was Autoliv's largest geographic region, followed by Europe at 28%, China at 22%, and Japan at 9%.
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