BUZZ-Auto suppliers rise after BofA lifts price objective

Reuters

Jun 16, 2025

** Shares of auto suppliers jump after BofA Global Research raise price objective

** U.S.-listed shares of Magna International MG.TO up 2% at $38, Aptiv APTV.BN rises 3% to $69 and BorgWarner BWA.N up 1% at $33, in early trade

** BofA remains constructive on auto suppliers as it expects current headwinds to dissipate in 2025 and also expects demand to grow in future

** However, tweaks volume estimates of companies in 2025 and 2026 slightly lower due to pending disruptions from tariffs, potential rare earth shortages, and macro volatility

** Rating of BorgWarner and Aptiv unchanged at 'buy' and Magna unchanged at 'neutral'

Company	New PT	Old PT
Magna	$45	$42
Aptiv	$85	$80
Borgwarner	$41	$35

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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