Autoliv price target lowered to $141 from $146 at RBC Capital

RBC Capital lowered the firm’s price target on Autoliv (ALV) to $141 from $146 and keeps an Outperform rating on the shares after its Q4 results and guidance. While the outlook was below expectations, there is upside to global production assuming USMCA is resolved in July, the analyst tells investors in a research note. The company’s major win with a Chinese OEM producing in Europe is also a positive sign that western suppliers could benefit from increased Chinese vehicle exports into Europe, the firm added.