Mizuho raised the firm’s price target on Autoliv to $115 from $106 and keeps a Buy rating on the shares. The firm gave its 2024 outlook across semis and automotive technologies, saying headwinds will persist with anemic global demand and a China/Europe slowdown, though inventories in PC, memory, and handset are normalizing. For 2024, the analyst sees memory and wafer fab equipment set up well as inventory and supply corrections are now mostly behind.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ALV:
- Autoliv downgraded to Peer Perform at Wolfe Research after 44% advance in 2023
- Autoliv downgraded to Peer Perform from Outperform at Wolfe Research
- Autoliv retires repurchased shares, decreases number of issued shares
- Autoliv price target lowered by $1 at BofA, here’s why
- Autoliv Announces Dividend Increase
