TD Cowen analyst Itay Michaeli lowered the firm’s price target on Autoliv (ALV) to $147 from $150 and keeps a Buy rating on the shares. The firm adjusted targets in the autos space as part of a Q1 preview. Automakers look better positioned than suppliers to offer investors outlook “reassurances and retaining guidance credibility,” the analyst tells investors in a research note. TD believes guide-down risk is low.
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