- (PLX AI) - Autoliv shares rose almost 3% in Stockholm. after several analysts upgraded their recommendations on the stock after the company's optimistic guidance issued on Friday.
- • Autoliv predicts 20% organic growth in 2022
- • That is 11 percentage-points above the market for global light vehicles
- • 5 percentage-points are coming from market share gains, which is a big figure, SEB said, upgrading to buy from hold and lifting its price target to SEK 1,080
- • Autoliv could enter the second half of the year with falling costs but increasing mitigation effects, SEB said
- • The company's guidance is remarkable, and we expected adjusted EBIT to more than double by 2024, DNB said, reiterating a buy recommendation and lifting its price taget to SEK 1,170
- • On top of a strong cyclical recovery, Autoliv's guidance of a 4 percentage-point outperformance over the period implies a 13% organic sales CAGR, DNB said
- • Autoliv was also raised to buy from hold at Carnegie, while Danske reiterated a buy recommendation
- • Auto recovery and cash distribution will support shares, Danske said
- • A strong light-vehicle production recovery in 2022-24 will allow Autoliv to expand margins and start a meaningful buyback program to support the shares, Danske said
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