HSBC downgraded Autoliv (ALV) to Hold from Buy with a price target of $100, down from $109. The shares are “lacking upside” as the company’s 2025 company guidance came in below HSBC estimates, with sales weakness in China a key headwind, the analyst tells investors in a research note. The firm says its automotive supplier earnings forecasts reflect cautious market demand expectations for 2025, but notes the sector is closer to the trough.
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