Autoliv initiated with a Buy at HSBC

HSBC analyst Edoardo Spina initiated coverage of Autoliv with a Buy rating and $134 price target. The analyst says the company has consistently been the global leader in passive auto safety, with a “very long-term strategy” of growth in market share driven by superior reliability and best in class costs. The firm expects Autoliv to achieve organic sales growth in line with consensus and company expectations through 2026, with nearly 5% growth annually, relying on market share gains thanks to new orders already booked.