Susquehanna Initiates Coverage On Multiple Auto Stocks

On Tuesday, Matthew Stover of Susquehanna initiated coverage on several auto stocks:

Autoliv Inc. (NYSE: ALV) Neutral rating; $99 price target. Stover finds Autoliv is the "undisputed leader in passive safety."

American Axle & Manufacturing Holdings (NYSE: AXL) Neutral rating; $18 price target.

Dana Holding Corporation (NYSE: DAN) Neutral rating; $19 price target. Susquehanna analysts feel that Dana Holding is "undoubtedly a cheap stock."

Ford Motor Company (NYSE: F) Neutral rating; $14 price target.

General Motors Co. (NYSE: GM) Neutral rating; $30 price target.

Lear Corporation (NYSE: LEA) Neutral rating; $90 price target.

Visteon Corporation (NYSE: VC) Positive rating; $107 price target. Stover noted, "Visteon has been a hidden value story since emerging from bankruptcy."

Tenneco Inc. (NYSE: TEN) Positive rating; $61 price target. Analysts find "the company's Emissions Control has a very attractive growth potential as emissions standards change around the world."

BorgWarner Inc. (NYSE: BWA) Positive rating; $67 price target. Stover wrote, "In our view, BWA is one of the best ways to play tightening emissions/fuel efficiency standards on a global basis."