A Swedish auto parts maker traded in the U.S. can navigate broader industry headwinds and still find growth, UBS says.
Strong margins, revenue growth and insulation from automotive market headwinds has UBS labeling Sweden 's Autoliv a "growth safe haven story." Autoliv is isolated from short-term industry concerns such as electric vehicle penetration, "intense capital allocation or China underexposure," UBS analyst Juan Perez-Carrascosa wrote on Tuesday.
ALV YTD mountain Autoliv stock has climbed more than 14% in 2024. "All in all, we think ALV has a solid equity story on a time horizon, both in absolute and relative terms, and despite trading at a justified premium to the pack it still stands below its own historical multiples , which is tough to explain on record high margins," Perez-Carrascosa said.
Markets Autoliv Inc UBS Group AG Sweden Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
13 Swedish (Or Swedish-Looking) Dresses for Euro-Girl SummerWe pulled dresses from some of our favorite Swedish clothing sites as well as some Swedish-looking ones from Amazon to nail the classy look!
Read more »
Swedish CMO Revenue Up 14.2% in 2023STIM, the Swedish collective management organization (CMO) turned 100 last fall. Its results for 2023 are giving it another reason to celebrate.
Read more »
UBS analysts explain why they think further nickel upside may be cappedUBS analysts explain why they think further nickel upside may be capped
Read more »
UBS raises S&P 500 target to Street-high 5,600 on stronger earnings growthUBS Jonathan Golub joined BMO's Brian Belski for the most bullish target on Wall Street.
Read more »
Ignore hawkish FOMC minutes, Fed will cut rates in 2024: UBSIgnore hawkish FOMC minutes, Fed will cut rates in 2024: UBS
Read more »
UBS on whether you should own European stocksUBS on whether you should own European stocks
Read more »