Aptiv resumed with a Hold at Deutsche Bank

Deutsche Bank resumed coverage of Aptiv with a Hold rating and $74 price target. Aptiv management will have to “prove itself as a true growth stock again” to warrant a multiple re-rating in the face of uncertainties around the company’s growth over market trajectory, the analyst tells investors. Electric vehicle adoption is clearly facing challenges, especially in the U.S. and to a lesser extent Europe, hurting the high voltage business, the analyst added.