Aptiv price target raised to $75 from $66 at UBS

UBS analyst Joseph Spak raised the firm’s price target on Aptiv (APTV) to $75 from $66 and keeps a Neutral rating on the shares. The firm expects “broadly strong” results from U.S. autos, auto parts, and auto tech, but the group could take a breather, the analyst tells investors in a research note. While it’s tough to be negative when there are beats and numbers move higher, UBS says it’s “tough” to be overly positive on valuation.