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Fly News Breaks for March 14, 2016
ALV
Mar 14, 2016 | 07:18 EDT
Evercore ISI analyst Arndt Ellinghorst downgraded Autoliv to Sell and lowered his price target to $105 from $125. The analyst expects Autoliv to underperform the industry growth rate in ADAS/AEB thre the end of the decade due to their go-alone algorithm strategy, Takata tailwinds flatten out starting in 2016, R&D expense will be elevated over the next 2-3 years, and shares have the highest recession downside in the group.
News For ALV From the Last 2 Days
ALV
Apr 26, 2024 | 07:21 EDT
Sees FY24 FX effect on net sales 0%, 10.5% adjusted operating margin; and $1.2B operating cash flow.
