Aptiv price target lowered to $136 from $150 at Citi

Citi lowered the firm’s price target on Aptiv to $136 from $150 and keeps a Buy rating on the shares. The analyst’s main takeaway from Aptiv’s Q4 results is that the story remains intact despite known near-term headwinds. 2024 guidance was in-line, bookings were very strong, and the 2025 reset still implied EBIT that’s inline to slightly above consensus, the analyst tells investors in a research note. The firm continues to see a compelling risk/reward and views the recent stock pullback as an opportunity.