TD starts Autoliv at Buy, says shares set up well to recover ground

TD Cowen analyst Itay Michaeli initiated coverage of Autoliv (ALV) with a Buy rating and $116 price target The firm views Autoliv as a stock to own in 2025, saying the combination of ideal exposures, a favorably skewed risk/reward, and identifiable catalysts set the shares up well to recover ground. TD added that bulls believe the company’s core exposures are fundamentally undervalued, while the bear case is concerned about the path to a 12% margin.