Wells Fargo raised the firm’s price target on Autoliv to $107 from $101 and keeps an Equal Weight rating on the shares. The firm notes Autoliv traded up 3% after a Q4 beat and solid 2024 guide. The company guided margins will rise from 8.8% in 2023 to 10.5% in 2024 despite inflation due to cost actions and reduced call-offs.
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