Autoliv (ALV) has maintained a stable market share globally, supported by the increasing importance of vehicle safety needs.
Furthermore, the company has aimed to tap huge market potential by expanding into low-cost countries and making meaningful acquisitions. It is also known in the industry for its innovative product launches.
In the most recent quarter, the company’s profit significantly improved from the year-ago level and beat the Zacks Consensus Estimate. We, therefore, continue with our Outperform recommendation on the stock and set a target price of $50.Zacks Investment Research
