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Fly News Breaks for July 25, 2016
ALV
Jul 25, 2016 | 09:27 EDT
Baird said the weakness in Autoliv created an attractive entry point for long-term investors. The firm remains buyers of the shares as they believe the near-term outlook was clouded by its Q2 miss and lower guidance. Baird expects investors to return to the stock given the company's elevated spending levels to support long-term organic growth. Baird reiterated its Outperform rating and lowered its price target to $131 from $137 on Autoliv shares.
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