JPMorgan lowered the firm’s price target on Autoliv (ALV) to $115 from $119 and keeps a Neutral rating on the shares as part of a Q4 preview for the auto parts supplier group. The firm expects “modest” beats in Q4, saying global production tracked better than expected. It sees a better backdrop for global light vehicle production than was expected at the time of Q3 earnings back in October, but believes investor attention will turn to the impact of tariffs and reduced electric vehicle subsidies in 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALV:
Questions or Comments about the article? Write to editor@tipranks.com