Berenberg Bank analyst Romain Gourvil maintains $Autoliv (ALV.US)$ with a buy rating, and adjusts the target price from $126 to $125.
According to TipRanks data, the analyst has a success rate of 38.2% and a total average return of -4.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Autoliv (ALV.US)$'s main analysts recently are as follows:
The firm observed that shares of Autoliv are experiencing an upward trend following third-quarter results and guidance that aligned with expectations, and were overall less concerning than anticipated, potentially leading to a more stable trading environment in the future.
Autoliv's recent slight performance miss was influenced by a $14M settlement, yet the stock traded approximately 6% higher. The company's guidance, while trimmed, suggests a significant quarter-over-quarter margin improvement, which is expected to be driven by factors such as volume increases, engineering enhancements, and foreign exchange or other impacts. However, there are still perceived risks associated with the local mix in the Chinese market.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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