Autoliv upgraded to Outperform from Neutral at Daiwa

Daiwa analyst Jairam Nathan last night upgraded Autoliv (ALV) to Outperform from Neutral with a price target of $109, up from $106. The company’s propensity to raise incentive spending is likely to drive more stable production schedules, the analyst tells investors in a research note. The firm says weak investor sentiment offers an attractive entry point into the shares. Daiwa’s upgrade reflects a higher propensity at car makers to raise incentives, which it believes will support and stabilize light vehicle production in 2025.