Autoliv Remains Neutral
We have reiterated our Neutral recommendation on Autoliv Inc. (NYSE:ALV) for the long-term as the company maintains a stable market share globally, supported by the increasing importance of vehicle safety needs. However, we are concerned about significant customer concentration risks faced by the company. The company recorded a 45% fall in profits to $100.5 million [...]
We have reiterated our Neutral recommendation on Autoliv Inc. (NYSE:ALV) for the long-term as the company maintains a stable market share globally, supported by the increasing importance of vehicle safety needs. However, we are concerned about significant customer concentration risks faced by the company.
The company recorded a 45% fall in profits to $100.5 million or $1.07 per share in the first quarter of 2012 from $181.5 million or $1.93 in the corresponding quarter of the prior year. It missed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards