These Analysts Revise Their Forecasts On Autoliv After Q3 Results
Portfolio Pulse from Avi Kapoor
Autoliv, Inc. (NYSE:ALV) reported Q3 results with revenues exceeding expectations but earnings per share missing estimates. The company adjusted its 2024 sales growth forecast downwards. Analysts revised their price targets for Autoliv, with Baird raising and Wells Fargo slightly lowering their targets.
October 21, 2024 | 5:48 pm
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Autoliv's Q3 revenue exceeded expectations, but EPS missed. The company lowered its 2024 sales growth forecast. Analysts adjusted their price targets, with Baird raising and Wells Fargo slightly lowering.
Autoliv's revenue beat expectations, but the EPS miss and lowered sales growth forecast for 2024 are negative indicators. The mixed analyst price target revisions reflect uncertainty, likely leading to short-term downward pressure on the stock.
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