Autoliv (Buy, TP: SEK1010.00) - Pricing improving
Autoliv’s Q3 report strengthened our confidence in the company’s continued margin improvement and improved pricing, which should provide more stable and predictable earnings in the future. We have raised our 2022e adj. EBIT by 7% while 2023–2024e is broadly unchanged. We reiterate our BUY and have raised our target price to SEK1,010 (965).
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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