Guggenheim lowered the firm’s price target on Aptiv to $103 from $120 to reflect a challenging first half setup and keeps a Buy rating on the shares following the company’s Q4 report. In discussing the “challenging” setup, the firm cites potential adverse customer mix in both the U.S. and China and FY24 guidance with some margin risks from currency.
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- Aptiv price target raised to $97 from $93 at Deutsche Bank
- Aptiv price target lowered to $136 from $150 at Citi
- Aptiv price target raised to $118 from $114 at Goldman Sachs
- Aptiv sees FY24 cash flow from operations $2.3B; CapEx $1.05B; tax 17.5%
- Aptiv sees FY24 adjusted EPS $5.55-$6.05, consensus $5.82