1110 GMT - Autoliv's valuation remains compelling while buybacks also offer support, despite lower global light-vehicle production, Pareto Securities analysts Forbes Goldman and Anders Roslund write. S&P has cut its 2026 global light-vehicle production forecast, now expecting a 2.8% decline versus a 2% drop previously, with China the main driver. S&P's downgrade reflects deteriorating domestic Chinese demand after the government scaled back tax incentives and vehicle trade-in subsidies. BMW's profit warning last week also highlighted China weakness, with the German automaker accounting for 4% of Autoliv's 2025 sales. However, Pareto expects the Swedish airbags and safety belts maker to back 2026 EBIT margin and cash flow guidance. The bank lifts its target price for the stock to 1,275 Swedish kronor from 1,250 kronor and reiterates its buy rating. Shares fall 1.5% to 1,130 kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
June 23, 2026 07:10 ET (11:10 GMT)
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