Aptiv price target lowered to $115 from $135 at JPMorgan

JPMorgan lowered the firm’s price target on Aptiv to $115 from $135 and keeps an Overweight rating on the shares. The analyst expects every auto supplier to meet or exceed expectations in Q4 and for none to miss. The biggest catalyst is sharply higher global light vehicle production during the quarter, the analyst tells investors in a research note.