(RTTNews) - Tuesday, KeyBanc Capital downgraded Autoliv, Inc. (ALV: News ) shares to Hold from Buy. The brokerage maintained its 2009 EPS estimate of $0.51, and its 2010 estimate of $2.23.

Analyst Brett Hoselton said that while he remains confident that ALV could generate 2011 normalized earnings in the $3.40-$3.90 range based on: a gradual return to more normalized global light vehicle production levels; a return to the high end of its historical operating margin range; and organic revenue growth independent of production in the 3-5% range; he believes those assumptions are largely discounted into the current stock price.

Over the near term, the analyst continues to believe that ALV could meet or even exceed his earning estimates, and as such is maintaining his earnings estimate of $0.51 (First Call consensus $0.43) for 2009 and $2.23 (First Call consensus $2.41) for 2010.
Currently, ALV is down $1.40 or 3.41% and trading at $39.62.

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by RTT Staff Writer

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