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Fly News Breaks for July 17, 2019
APTV, BWA, VNE, ALV, VC, LEA
Jul 17, 2019 | 11:29 EDT
Citi analyst Itay Michaeli downgraded Lear (LEA) to Neutral from Buy and lowered his price target on the stock to $144 from $188 following the company's 2019 guidance cut, which he contends "might not be fully explained by macro alone." Given the double-digit percentage cut to Lear's FY19 net income outlook, the reaction in the stock today "appears rather mild," said the analsyt, who added that the guidance cut suggests to him a worsening of some of the E-Systems revenue issues he'd previously called out. On the surface, the news appears to have a negative-read for suppliers with heavy exposure in Europe and China - such as Visteon (VC), Autoliv (ALV), Veoneer (VNE), BorgWarner (BWA) and Aptiv (APTV) - but Michaeli reiterated that he thinks there are also company-specific factors in play.
News For LEA;VC;ALV;VNE;BWA;APTV From the Last 2 Days
ALV
Mar 28, 2024 | 06:17 EDT
Autoliv announced that as of March 28, 2024, the total number of issued shares of common stock is 86,126,221 of which 81,373,679 shares are outstanding. Autoliv retired 1,370,057 shares of common stock that had been repurchased during the quarter which resulted in a decrease in the issued shares. The Company now has a total of 86,126,221 issued shares of common stock of which 81,373,679 shares are outstanding. Each share of outstanding common stock is entitled to one vote. After the retirement of the repurchased shares, Autoliv holds 4,752,542 shares of common stock in treasury which have no voting rights or rights to participate in distributions under Delaware law.