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Veoneer had a career preview as an independent listed company. On Wednesday, the stock rose for the third day in a row and rose more than 3% to 410 SEK on a small Stockholm stock exchange.
On the New York Stock Exchange, which closed on Wednesday, Veoneer rose 3.6% on Tuesday and closed at $ 44.2 per share, or 389.8 Swedish Kroner.
Wednesday's rise comes in the light of Nordea which began to keep the share in the purchase and the target price of 490 SEK. In the analyzes published earlier this week, Handelsbanken notably marketed the price of the stock at the price of $ 55 corresponding to 485 SEK, while UBS and NBB launched the monitoring with the neutral / reserve recommendation and the target price of $ 44 and $ 420 per share.
In his analysis, UBS analysts note that Autoliv's capital contribution to Veoneer should be sufficient for the company to reach its goals before it. it reaches the break-even point 2020.
At the same time, the GM analyst plans to invest an additional $ 1 billion in motor vehicles, which means that Veoneer may need to increase the rate investment to maintain its competitiveness.
Autoliv, developed slightly after the split, saw its stock price return from SEK 334.7 on Friday while the stock was traded with the exception from Veoneer. Veoneer's Swedish certificates of deposit are thus up 22.5% compared to the rate indicated by the loss of Autoliv.
Instead of reviewing the US trade, Veoneer's action changed the property from $ 40.61 before Monday's listing. As a result, Veoneer shares listed in the United States increased by 8.8% relative to the exchange.
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