Adient PLC's stock price surged 5.12% during intraday trading on Friday, marking a significant upward movement for the automotive seating supplier.
The price increase appears to be driven by positive analyst actions. Barclays raised its price target on Adient to $27 from $25, while JPMorgan increased its target more substantially to $28 from $24. These upward revisions in price targets by major financial institutions likely contributed to increased investor confidence and buying activity in the stock.
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