Shares of Autoliv Inc. were hard hit on Friday after the company disappointed investors in its earnings report. But the sell off has also created an "opportunistic entry point" for a long-term investment, at least according to analysts at BMO Capital Markets. BMO's Richard Carlson maintains an Outperform rating on Autoliv's stock with an unchanged 1 price target as the company's longer-term outlook remains "strong." In fact, even an in-line earnings report wouldn't have been enough to support the stock and that most of the revenue miss was due to "below-the-line items." The company's gross margin of 21 percent was a second-quarter record and adjusted EBIT margin slightly missed at 8.4 percent versus expectations for 8.5 percent, the analyst continued. Also, despite a $110 million payment to Zenuity in the quarter and a $157 million share buyback, the company's balance sheet "remains in great shape" and under-levered with a net-debt leverage of just 0.7x.Read more