Autoliv Should See Earnings Low Point in Q2, Nordea Says, Reiterating Buy

• (PLX AI) - Autoliv should see a low point in earnings this quarter, followed by better momentum after that, analysts at Nordea said, reiterating a buy recommendation on the stock.
• • Price target raised to SEK 890 from SEK 820
• • Q2 results were probably hurt by China lockdowns, but the supply of microchips is improving and car production is recovering, while Autoliv should start to benefit from better price-cost balance and from its cost reduction program, Nordea said
• • This should lead to a strong EPS recovery in the second half of the year and into 2023, amid a multi-year recovery in automotive markets, the analysts said