UBS analyst Juan Perez-Carrascosa downgraded Autoliv to Neutral from Buy with a price target of $86, up from $84. The shares now offer limited valuation upside and the company’s medium-term profitability targets look ambitious, Perez-Carrascosa tells investors in a research note. There are risks of Autoliv not achieving its profitability metrics, says the analyst, who sees downside risk to consensus estimates.
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