Autoliv price target raised to $122 from $120 at Berenberg

Berenberg raised the firm’s price target on Autoliv to $122 from $120 and keeps a Buy rating on the shares. The company reported solid Q4 earnings that were comfortably ahead of consensus on key metrics, the analyst tells investors in a research note. The firm continues to believe Autoliv is well positioned into 2024 and sees scope for both sector-high free cash flow conversion and shareholder distributions.