Daiwa analyst Jairam Nathan last night upgraded Autoliv (ALV) to Outperform from Neutral with a price target of $109, up from $106. The company’s propensity to raise incentive spending is likely to drive more stable production schedules, the analyst tells investors in a research note. The firm says weak investor sentiment offers an attractive entry point into the shares. Daiwa’s upgrade reflects a higher propensity at car makers to raise incentives, which it believes will support and stabilize light vehicle production in 2025.
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Read More on ALV:
- Autoliv upgraded to Outperform from Neutral at Daiwa
- Autoliv retires 1.05M shares of common stock
- Autoliv price target lowered to $97 from $101 at Wells Fargo
- Autoliv, JMC form strategic partnership
- Autoliv extends share repurchase program
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
