UPDATE 1-BofA-Merrill upgrades Autoliv to buy from underperform

Newswire

March 27 (Reuters) - Bank of America Securities-Merrill Lynch Research upgraded Autoliv Inc , the world's biggest maker of air bags and seat belts, to "buy," saying the recent stock offering has strengthened its balance sheet. "Autoliv clearly appears today in our view as the safest place to be in auto components," the brokerage said in a note to clients. It has "the strongest balance sheet in the sector." Autoliv is well positioned should the environment deteriorate further, to become a ...

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