Wolfe Research analyst Rod Lache downgraded Adient to Peer Perform from Outperform without a price target. The analyst says the persistence of certain inflationary pressures "could check the rate" of the company’s margin expansion in 2024. As such, Wolfe sees more limited near-term upside in the shares.
Published first on TheFly
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Read More on ADNT:
- Adient price target raised to $43 from $40 at Deutsche Bank
- Adient price target raised to $60 from $48 at Benchmark
- Adient raises FY23 revenue view to $15B from $14.7B, consensus $14.8B
- Adient reports Q1 adjusted EPS 34c, consensus 38c
- Adient reports improved first quarter 2023 financial results; reaffirms FY2023 outlook
