Aptiv price target raised to $90 from $86 at Baird

Baird raised the firm’s price target on Aptiv to $90 from $86 and keeps a Neutral rating on the shares. the firm said depsite mixed Q4 results and Q1 update, investors cheered the removal of multiple overhangs including further reduced high voltage expectations, Motional agreement, and peso mark-to-market, with AS&UX margin upside and incremental cost actions similarly well received.