Autoliv: Goldman Sachs lowers recommendation to sell (neutral)
2015-06-24 08:05
(SIX) Goldman Sachs lowers the recommendation for car safety company Autoliv to sales, from the previous neutral. Richly course taken simultaneously down to 119 dollars, equivalent to about 981 crowns, from the previous $ 126. It is clear from an analysis dated 23 June. Goldman Sachs sees limited upside potential in both the Company's valuation and the Consensus estimates for 2015/16. The bank points out that the share has over achieved during the past three months, better than expected organic growth in the first quarter, and continued share buybacks. A combination of risks in the company's short-term growth targets, together with a declining rate of share repurchases expected limit a further revaluation of the shares from an already high level, track Goldman Sachs. Jonathan Axelsson +46 8586163 77 mailto: jonathan.axelsson@six-group.se www.blogg.six.seSIXNews SIX News
No comments:
Post a Comment