Autoliv’s Cost Reduction Plan To Garner $25M In Savings In FY24 Amid Stronger Pricing, Analyst Says

Mizuho analyst Jason Getz reiterated a Buy rating on Autoliv, Inc. (NYSE:ALV), raising the price target to $106 from $96.

ALV recently reported second-quarter FY23 sales growth of 27% year-on-year to $2.63 billion, beating the analyst consensus of $2.54 billion. Adjusted operating margin for the quarter was 8% versus 6% last year. Adjusted operating income increased 71% to $212 million.