RBC Capital lowered the firm’s price target on Aptiv (APTV) to $72 from $82 and keeps an Outperform rating on the shares after its Q3 results and guidance cut. The company’s macro headwinds will likely persist into 2025, but the 18% decline in shares is likely overdone, the analyst tells investors in a research note. Aptiv benefits from secular growth at its ASUX division, and while there is downside risk to macros in 2025, an EV rebound should be an important offset, RBC added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on APTV:
- Aptiv price target lowered to $83 from $147 at Oppenheimer
- Aptiv price target lowered to $66 from $76 at Deutsche Bank
- Aptiv price target lowered to $74 from $87 at Wells Fargo
- Aptiv price target lowered to $74 from $95 at TD Cowen
- Aptiv price target lowered to $65 from $85 at Baird
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
