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Wells Fargo Maintains Their Hold Rating on Autoliv (ALV)

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Wells Fargo analyst Colin Langan maintained a Hold rating on Autoliv (ALVResearch Report) today and set a price target of $80.00. The company’s shares closed last Friday at $76.03.

According to TipRanks.com, Langan is a 1-star analyst with an average return of -1.5% and a 51.8% success rate. Langan covers the Industrial Goods sector, focusing on stocks such as Magna International, Dana Holding, and BorgWarner.

Currently, the analyst consensus on Autoliv is a Moderate Buy with an average price target of $85.15, an 11.8% upside from current levels. In a report issued on June 28, BNP Paribas also upgraded the stock to Hold with a $86.00 price target.

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The company has a one-year high of $110.59 and a one-year low of $66.25. Currently, Autoliv has an average volume of 755.4K.

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Autoliv, Inc. engages in the development, manufacture, and supply of automotive safety systems. It operates through the Passive Safety and Electronics segment. The Passive Safety segment includes airbags, seatbelts, steering wheels, and restrain electronics. The Electronics segment comprises of restraint control systems, brake control systems and active safety. The company was founded by Lennart Lindblad in 1953 and is headquartered in Stockholm, Sweden.

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