Autoliv (Buy, TP: SEK920.00) - Orderbook starting to materialise
Autoliv’s guidance of 6%-points outperformance versus LVP confirms our expectations that its strong orderbook is materialising at a faster rate and that it should soon enjoy higher profitability as its product portfolio matures. We have cut our 2020–2022e adj. EBIT by c5% on more conservative market assumptions but reiterate our BUY recommendation and SEK920 target price.
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.