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ALIV SDB Autoliv News Story

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RBC initiates coverage on Autoliv with 'outperform'

** RBC Capital Markets initiates coverage on U.S.-listed shares of Swedish auto parts maker Autoliv ALV.N with an 'outperform' rating

** Sets PT of $133, representing an ~18.8% upside to the stock's last close

** ALV shares marginally up at $112.40 in premarket trading

** Brokerages say Autoliv is a rare auto supplier with a dominant share in a safety critical segment unlikely to be outsourced by original equipment manufacturers (OEMs) due to strict regulations

** "Content per vehicle growth should be aided by developing markets seeing improved standards of living as well as the continued premiumization of the auto fleet," adds RBC

** Average rating of 21 analysts is "buy"; median PT is $115 — data compiled by LSEG

** As of last close, stock up ~19.3% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))

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