** RBC Capital Markets initiates coverage on U.S.-listed shares of Swedish auto parts maker Autoliv ALV.N with an 'outperform' rating
** Sets PT of $133, representing an ~18.8% upside to the stock's last close
** ALV shares marginally up at $112.40 in premarket trading
** Brokerages say Autoliv is a rare auto supplier with a dominant share in a safety critical segment unlikely to be outsourced by original equipment manufacturers (OEMs) due to strict regulations
** "Content per vehicle growth should be aided by developing markets seeing improved standards of living as well as the continued premiumization of the auto fleet," adds RBC
** Average rating of 21 analysts is "buy"; median PT is $115 — data compiled by LSEG
** As of last close, stock up ~19.3% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))