Tiger Brokers

BUZZ-UBS lifts Aptiv to 'buy', raises PT on spinoff benefits

Reuters
Mar 12
BUZZ-UBS lifts Aptiv to 'buy', raises PT on spinoff benefits

** UBS upgrades rating on auto parts maker Aptiv APTV.N to "buy" from "neutral"

** Hikes PT to $97 from $89; new PT implies an upside of about 38% from the stock's last close

** Shares of the company marginally up at $70 in early trade

** Says separation will give investors clearer visibility into cash flows and margins at both Aptiv and upcoming spin-off of its electrical distribution systems business, Versigent

** Adds the spin-off should sharpen co's focus on higher-growth automotive technology businesses and improve the quality of earnings

** 20 of 24 brokerages rate the stock "buy" or higher, 3 "hold" and 1 "sell"; their median PT is $102 - data compiled by LSEG

** Including session's moves, shares down 7.7% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10