Autoliv price target lowered to $111 from $128 at Baird

Baird lowered the firm’s price target on Autoliv to $111 from $128 and keeps a Neutral rating on the shares. The firm noted shares fell foloowing its dificult Q2 results punctuated by outsized June weakness, plus reduced 2024 expectations overall. The company is controlling what they can, but a challenging near-term backdrop is likely to constrain investor interest even after the stock’s correction.