Autoliv downgraded to Peer Perform at Wolfe Research after 44% advance in 2023

As previously reported, Wolfe Research analyst Rod Lache downgraded Autoliv to Peer Perform from Outperform with no price target. Autoliv, which the firm notes was its top pick up in 2023, proved to be one of the best performing stocks in its coverage with a 44% advance and the firm expects 2024 will be “another strong year.” However, the firm is lowering its rating as it now sees more compelling upside opportunities elsewhere in its autos coverage.