Aptiv price target raised to $134 from $122 at Cowen

Cowen analyst Jeffrey Osborne raised the firm’s price target on Aptiv to $134 from $122 and keeps an Outperform rating on the shares. The analyst noted 2023 guidance came in below expectations on both the top and bottom lines driven by Aptiv s expectation for a 1% contraction in global production and lower than expected margin expansion during the year.