Autoliv price target lowered to $134 from $139 at Berenberg

Berenberg lowered the firm’s price target on Autoliv to $134 from $139 and keeps a Buy rating on the shares. Shares have not been immune to sector-wide pressure recently due to growing concerns about global light vehicle volumes for Q2, the analyst tells investors. However, the firm continues to like Autoliv’s “proactive and strong execution” with its cost-cutting initiatives, the analyst added.