Tiger Brokers

BUZZ-Aptiv slips after Guggenheim downgrades, citing tariff exposure

Reuters
Jun 04, 2025
BUZZ-Aptiv slips after Guggenheim downgrades, citing tariff exposure

** Auto parts supplier Aptiv APTV.N falls 3% to $65 in premarket trading

** Guggenheim downgrades co to 'neutral' from 'buy', removes prior price target of $64

** Says downgrading due to expected low revenue from China and as tariff situation continue to warrant caution

** Notes negative mix shifts globally, both from core electric vehicle customers and adverse mix shifts within the China market towards local original equipment manufacturers (OEMs) will weigh on growth in second half of 2025 and 2026

** Brokerage says tariffs and macro uncertainty likely to constrain OEM budgets leading to less investment from OEMs in growth initiatives

** 16 of 24 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell"; their median PT is $72.78- data compiled by LSEG

** As of last close, stock had risen 10.6% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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