Citigroup Maintains Buy Rating for Aptiv: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Buy rating for Aptiv (NYSE:APTV) and increased its price target from $150.00 to $155.00. Aptiv's shares are currently trading down 0.71% at $108.45 per share. A move to $155.00 would represent a 42.92% increase from the current share price. Aptiv's largest customers are General Motors and Stellantis, each contributing roughly 9% of 2022 revenue, followed by Ford and Volkswagen, each at 8%.
July 18, 2023 | 5:00 pm
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POSITIVE IMPACT
Citigroup maintains its Buy rating for Aptiv and raises its price target, indicating positive sentiment. However, Aptiv's shares are currently trading down.
The maintained Buy rating and increased price target by Citigroup indicates a positive outlook for Aptiv. However, the current trading down of Aptiv's shares may suggest market factors not fully aligned with this outlook. The impact is based on the influence of analyst ratings on investor sentiment and potential market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100