** Auto parts supplier Aptiv's APTV.N shares rise 2% to $58
** Co forecasts Q2 profit above analysts' estimate, betting on benefits from previously implemented cost-saving measures
** APTV expects second-quarter adj. profit to be $1.70 to $1.90/share, above analysts' average estimate of $1.65/share, according to data compiled by LSEG
** Co posts Q1 adj. profit of $1.69/share, compared with analysts' estimates of $1.53/share
** Aptiv's quarterly net sales fall about 1.5% to $4.83 bln, compared with analysts' expectation of $4.78 billion
** 16 of 24 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell"; their median PT is $72.78 - LSEG
** As of last close, stock had fallen 5.4% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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