Autoliv price target raised to $128 from $126 at Wells Fargo

Wells Fargo analyst Colin Langan raised the firm’s price target on Autoliv to $128 from $126 and keeps an Equal Weight rating on the shares. The firm notes shares traded up after a Q1 beat and maintained 2024 guide. The company remains on pace to reach targeted 10.5% FY24 margins and 5% organic growth as restructuring is offsetting the lack of call-off improvement. Wells remains on the sidelines given valuation.