RBC Capital raised the firm's price target on Autoliv to $138 from $137 and keeps an Outperform rating on the shares. The company's strong Q1 earnings beat was helped by FX as well as China and India, the analyst tells investors in a research note. RBC further notes that the 4%-6% long term top line growth and cost-cutting opportunities from automation gives the firm the confidence that the company will see meaningful margin expansion, adding that thanks to its dominant market position and superior product offering vs. competitors, the firm is the "best quality auto supplier" within its coverage.
