Citi analyst Itay Michaeli raised the firm’s price target on Aptiv to $162 from $155 and keeps a Buy rating on the shares. The company reported an “encouraging Q2 beat/raise,” highlighted by improved go-to-market, stronger ASUX margins and encouraging business momentum at Intercable, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on APTV:
- Aptiv raises FY23 adjusted EPS view to $4.60-$4.90 from $4.00-$4.50
- Aptiv reports Q2 adjusted EPS $1.25, consensus 92c
- APTV Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Aptiv price target raised to $108 from $100 at Wells Fargo
- AmEx downgraded, Keurig Dr Pepper upgraded: Wall Street’s top analyst calls