Oppenheimer analyst Colin Rusch maintains $Aptiv PLC (APTV.US)$ with a buy rating, and adjusts the target price from $147 to $83.
According to TipRanks data, the analyst has a success rate of 48.8% and a total average return of 36.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Aptiv PLC (APTV.US)$'s main analysts recently are as follows:
The company's macroeconomic challenges are expected to continue into 2025, but the notable 18% reduction in share value may have been excessive. Aptiv's ASUX division is experiencing secular growth, and although there is a potential downside due to macroeconomic factors in 2025, the anticipated recovery in the electric vehicle sector should provide a significant counterbalance.
Aptiv's Q3 results were mixed, and projections for FY24 were modestly adjusted downward, consistent with a prudent industry forecast. Yet, the uncertainty for FY25 and curtailed OEM production plans were emphasized by the company's leadership. Despite some clients potentially streamlining their operations due to economical competition and lukewarm electric vehicle sales, the significant market reaction on Thursday appears excessive. Active purchasing during this dip in stock value is deemed advisable.
Aptiv's third-quarter EBIT fell short of the consensus by 2%, and the company's management reduced its full-year 2024 sales and EBIT guidance by 2% and 3%, respectively.
Note:
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