Deutsche Bank Maintains Buy Rating for Autoliv: Here's What You Need To Know

Deutsche Bank has decided to maintain its Buy rating of Autoliv ALV and lower its price target from $113.00 to $110.00.

Shares of Autoliv are trading down 0.83% over the last 24 hours, at $86.37 per share.

A move to $110.00 would account for a 27.36% 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 11% of 2022 revenue, with Stellantis accounting for 11% and Volkswagen 10%. At 34% of 2022 revenue, the Americas was Autoliv's largest geographic region, followed by Europe at 27%, China at 21%, and Japan at 8%.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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