Daiwa lifts Autoliv PT on strong auto demand

Autoliv

01/10/2025 11:19

** Daiwa Capital Markets raises PT on U.S.-listed shares of Swedish auto parts maker Autoliv ALV.N to $140 from $123

** New PT represents an upside of 13.4% from the stock's last close

** Maintains rating at "outperform"

** Shares of the company up 0.4% at $124 premarket

     ** Daiwa says stronger auto demand in the U.S. and China has led to an upward revision in 2025 global light vehicle production forecasts, which should benefit suppliers like Autoliv

** Brokerage adds that easing interest rates may help offset the impact of anticipated model year 2026 price increases

** Daiwa lifts ALV's 2025 EPS forecast to $9.65 from $9.30

** 17 of 21 brokerages rate the stock "buy" or higher, four "hold"; their median PT is $130 - data compiled by LSEG

** As of last close, stock had risen 31.7% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))