UBS analyst David Lesne upgraded Forvia to Buy from Neutral with an unchanged price target of EUR 20. The analyst cites the company’s “conservative” 2024 guidance, financial leverage being under control and a “pragmatic view on industry challenges” for the upgrade.
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Read More on FURCF:
- Forvia reinstated with an Equal Weight at Morgan Stanley
- Forvia price target lowered to EUR 22 from EUR 24 at Berenberg
- Forvia price target lowered to EUR 22 from EUR 24 at Barclays
- Forvia price target lowered to EUR 20 from EUR 25 at Deutsche Bank
- Forvia plans to cut up to 10,000 jobs amid EV shift, WSJ reports
