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UPDATE: DNB Markets Initiates Autoliv at Buy: Q4 A Likely Profitability Trough

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DNB Markets initiated coverage on Autoliv (NYSE: ALV) with a Buy rating.

DNB Markets noted, "As we believe Q4 2012 will mark the trough in profitability at 9%, we focus on the above-market growth we see for Autoliv in the coming years, driven by market share gains in emerging markets and increased sales of active safety products. As we forecast 14% annual EPS growth in the next two years, we find 2013e P/E of 9.5x undemanding."

Autoliv closed at $61.63 on Thursday.

Latest Ratings for ALV

DateFirmActionFromTo
Feb 2017KeyBancUpgradesSector WeightOverweight
Jan 2017JefferiesDowngradesBuyHold
Dec 2016BMO CapitalInitiates Coverage OnOutperform

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Posted-In: DNB MarketsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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