Autoliv price target raised to $99 from $93 at Baird

Baird analyst Luke Junk raised the firm’s price target on Autoliv to $99 from $93 and keeps a Neutral rating on the shares. The analyst raised the firm’s 2023 sales assumption, but retained some conservatism around non-raw material cost recoveries. Baird sees upside to guidance as both encouraging and leaving somewhat limited margin for error.