Of the suppliers that did not guide last week in Detroit, Longbow analyst Anthony Deem believes Autoliv (ALV) and Gentherm (THRM) face the most EPS downside versus consensus. Further, the analyst thinks Autoliv is likely to revise 2020-plus revenue and margin forecasts lower, while Gentherm may stay aggressive for 2021. Macro fundamentals in China and Europe are top near-term concerns and expectations of flat or lower year over year margins in 2019 seem evident across the supply base due to LVP variability and cost inflation related to research, development, engineering, launches, tariffs, etc., he adds. Deem has a Neutral rating on Autoliv's shares and an Underperform on Gentherm's stock.