Autoliv price target lowered to $129 from $132 at Wells Fargo

Wells Fargo lowered the firm’s price target on Autoliv (ALV) to $129 from $132 and keeps an Equal Weight rating on the shares. The firm lowers its 2025 EPS slightly from $9.75 to $9.70 to reflect Q3’s beat, offset by higher D&A and net engineering cost in Q4. Wells’ revised outlook is in-line with organic sales guide of about 3%. The firm forecasts AOI margins of 10.4%, slightly above management guide of 10.25%. Wells also slightly lowered its 2026-2029 EPS on the lower sales base.