Aptiv price target lowered to $79 from $80 at Piper Sandler

Piper Sandler lowered the firm’s price target on Aptiv to $79 from $80 and keeps a Neutral rating on the shares. The firm notes Q4 results didn’t deviate substantially vs. expectations, and guidance was roughly in-line with its model. In Piper’s opinion, it is increasingly difficult for suppliers like Aptiv to forecast how well new EV launches will perform.