Autoliv downgraded to Peer Perform from Outperform at Wolfe Research » 09:3105/2805/28/20
Wolfe Research analyst…
Wolfe Research analyst Rod Lache downgraded Autoliv to Peer Perform from Outperform, citing valuation and his view that the stock has limited upside from current levels.
|Over a week ago|
Autoliv price target raised to $54 from $43 at UBS » 14:0605/1905/19/20
UBS analyst Sabrina Reeh…
UBS analyst Sabrina Reeh raised the firm's price target on Autoliv to $54 from $43 and keeps a Neutral rating on the shares.
|Over a month ago|
Fly Intel: Top five analyst upgrades » 10:0704/2704/27/20
TWTR, EBAY, ALV, FCX, DGX, LH, AN
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) and eBay (EBAY) were upgraded to Neutral from Underperform at Mizuho. 2. Autoliv (ALV) upgraded to Outperform from Sector Perform at RBC Capital with analyst Joseph Spak citing his preference for stocks with strong liquidity profiles, stating that the company has demonstrated strong cash and cost controls since Q1 while anticipating about $270M in free cash flows even during a very difficult 2020. 3. Freeport McMoRan (FCX) was upgraded to Outperform from Sector Perform at Scotiabank and to Buy from Neutral at Eight Capital. 4. Quest Diagnostics (DGX) and LabCorp (LH) were upgraded to Buy from Neutral at Citi by analyst Ralph Giacobbe after considering the potential for a new lab testing paradigm coupled with improving long-term industry dynamics for the large national labs. 5. AutoNation (AN) upgraded to Buy from Neutral at Northcoast with analyst John Healy saying he sees potential sales outperformance for auto dealers relative to expectations given low interest rates, cheap gas, and potential stimulus related programs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Autoliv price target raised to $67 from $61 at Deutsche Bank » 07:4404/2704/27/20
Deutsche Bank analyst…
Deutsche Bank analyst Emmanuel Rosner raised the firm's price target on Autoliv to $67 from $61 and keeps a Hold rating on the shares in a post-earnings research note titled "Boring Is Beautiful." Autoliv seems well positioned to resume industry outperformance and positive margin trajectory in the second half of 2020, assuming global auto production starts recovering and automakers do not materially delay new launches, Rosner tells investors.
Autoliv price target lowered to $70 from $75 at Mizuho » 06:5604/2704/27/20
Mizuho analyst Vijay…
Mizuho analyst Vijay Rakesh lowered the firm's price target on Autoliv to $70 from $75 and keeps a Buy rating on the shares. The analyst trimmed estimates following Autoliv's March quarter results but sees an attractive valuation at current share levels.
RBC Capital upgrades Autoliv to Outperform on margin upside » 06:2604/2704/27/20
As previously reported,…
As previously reported, RBC Capital analyst Joseph Spak upgraded Autoliv to Outperform from Sector Perform with a price target of $74, up from $64. The analyst cites his preference for stocks with strong liquidity profiles, stating that the company has demonstrated strong cash and cost controls since Q1 while anticipating about $270M in free cash flows even during a very difficult 2020. Spak adds that Autoliv variable cost structure should allow the company to achieve its long-term margin targets over the long term due to the management's cost-cutting efforts.
Autoliv upgraded to Outperform from Sector Perform at RBC Capital » 04:4204/2704/27/20
RBC Capital analyst…
RBC Capital analyst Joseph Spak upgraded Autoliv to Outperform from Sector Perform with a price target of $74, up from $64.
Fly Intel: Pre-market Movers » 09:0204/2404/24/20
CLR, CHK, AXP, ALV, VNE, WWE, INTC, OZK, SPLK, JCP
Check out this morning's…
Autoliv reports Q1 adj. EPS 88c, consensus 81c » 06:4204/2404/24/20
Reports Q1 revenue…
Reports Q1 revenue $1.85B, consensus $1.87B. Mikael Bratt, president and CEO said, "We achieved a strong first quarter despite the sharp decline in light vehicle production, and I am pleased with our sales outperformance, margins and especially our strong cash flow and cash conversion. The task force we set up to manage the situation in China was expanded to global scale and acted promptly with timely cost reduction actions to offset much of the headwinds from weak LVP. The current situation is more challenging than in the first quarter, as customer closures are now affecting most of our operations, for an unknown period of time, compared to a more limited scope in the first quarter. We have withdrawn our full year 2020 indication until the effects of the COVID-19 pandemic can be better assessed. We have undertaken a number of actions to manage the evolving situation, including adjusting production and work week hours, reducing or suspending investments and spending that are not critical for daily operations. We have also accelerated cost saving initiatives, furloughed personnel, often in government supported programs, and reduced compensation for executive officers and board members."
Notable companies reporting before tomorrow's open » 20:2504/2304/23/20
VZ, AXP, ALV, SNV
Notable companies reporting before tomorrow's open, with earnings consensus, include Verizon (VZ), consensus $1.23... American Express (AXP), consensus $1.48... Autoliv (ALV), consensus 89c... Synovus Financial (SNV), consensus 57c.