Wells Fargo Maintains Equal-Weight Rating for Autoliv: Here's What You Need To Know

Wells Fargo has decided to maintain its Equal-Weight rating of Autoliv ALV and raise its price target from $81.00 to $94.00.

Shares of Autoliv are trading down 2.36% over the last 24 hours, at $90.59 per share.

A move to $94.00 would account for a 3.76% increase from the current share price.

About Autoliv

Autoliv is the global leader in passive safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. The Renault-Nissan-Mitsubishi alliance is the company's largest customer at 13% of 2021 revenue, with Stellantis accounting for 11%, and Volkswagen at 10%. At 31% of 2021 revenue, the Americas was Autoliv's largest geographic region, followed by Europe at 28%, China at 22%, and Japan at 9%.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.