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Bear of the Day

Autoliv, Inc. (ALV)

May 29, 2009 | Comments: 0
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Difficult conditions in North American and West European automotive markets are the primary concerns for Autoliv Inc. (ALV - Analyst Report). The company reported net losses in the first quarter of 2009.

In the second quarter of 2009, Autoliv expects consolidated sales to decline in the range of 40%-45%, with organic sales declining more than 30%. Operating margin for the second quarter of 2009 is expected to be negative by less than 3%, excluding restructuring costs and major customer defaults.

Moreover, pricing pressure from OEMs has stalled margin expansion. Hence, we rate the stock a Sell with a target price of $16.50.


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Market Summary Nov 08, 2009 02:51 am ET
DJIA 10023.42  17.46 0.17%
NASD 2112.44  7.12 0.34%
S&P 500 1069.3  2.67 0.25%
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