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PHINIA Inc. ( (PHIN) ) has issued an update.
PHINIA Inc. has entered into a settlement agreement with BorgWarner Inc. to resolve claims related to tax matters following their separation in July 2023. The agreement involves PHINIA making payments totaling $78 million to BorgWarner, partially funded by tax refunds, and receiving $7 million from BorgWarner for pre-Spin-Off tax reimbursements. The settlement also includes amendments to the tax agreement, potentially allowing PHINIA to gain $29 million in tax credits by 2026, despite an expected $39 million loss recorded in Q3 2025.
The most recent analyst rating on (PHIN) stock is a Hold with a $57.00 price target. To see the full list of analyst forecasts on PHINIA Inc. stock, see the PHIN Stock Forecast page.
Spark’s Take on PHIN Stock
According to Spark, TipRanks’ AI Analyst, PHIN is a Neutral.
PHINIA Inc. scores a 67, driven by strong financial performance and positive earnings call sentiment. However, bearish technical indicators and moderate valuation metrics temper the overall score. The company’s solid cash generation and strategic initiatives provide a foundation for potential growth, despite current market challenges.
To see Spark’s full report on PHIN stock, click here.
More about PHINIA Inc.
Average Trading Volume: 428,718
Technical Sentiment Signal: Buy
Current Market Cap: $2.07B
For an in-depth examination of PHIN stock, go to TipRanks’ Overview page.