Autoliv (Buy, TP: SEK1435.00) - Set for an undramatic Q1
We are roughly in line with Q1 consensus, and expect an adj. EBIT margin close to the guidance of c7% and a reiteration of the 2024 guidance. We estimate c30% adj. EBIT growth for 2024 and the cUSD0.9bn of the buyback mandate that remains for this year to further support the stock, which remains one of our sector top picks. We reiterate our BUY, and have raised our target price to SEK1,425 (1,300).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.