Market Overview

UPDATE: Pareto Securities Downgrades Autoliv on Dull Outlook

Share:
Related ALV
Benzinga's Top Upgrades, Downgrades For May 24, 2017
10 Industries That Could Be Impacted by Driverless Cars

Pareto Securities downgraded Autoliv (NYSE: ALV) from Buy to Hold.

Pareto Securities said, “Our key concerns about Autoliv are, firstly, that it has grown less than global car production for three consecutive quarters and, secondly, due to issues related to its footprint (excess production capacity in Europe and ramp-up costs in growth regions). Lastly, we believe the weak car production outlook adds to the burden. … We lower our estimates to reflect weak near-term profitability, with Autoliv expecting an 8% EBIT margin in Q1 and 9% for 2013 (adjusted for streamlining charges and a potential anti-trust penalty).”

Autoliv closed at $65.80 on Thursday.

Latest Ratings for ALV

DateFirmActionFromTo
Jun 2017GuggenheimInitiates Coverage OnNeutral
May 2017Morgan StanleyUpgradesEqual-WeightOverweight
May 2017JefferiesUpgradesHoldBuy

View More Analyst Ratings for ALV
View the Latest Analyst Ratings

Posted-In: Pareto SecuritiesAnalyst Color Downgrades Analyst Ratings

 

Related Articles (ALV)

View Comments and Join the Discussion!