Baird Downgrades Aptiv to Neutral, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Leiker has downgraded Aptiv (NYSE:APTV) from Outperform to Neutral and reduced the price target from $105 to $96, indicating a more cautious outlook on the company's stock.
January 03, 2024 | 12:01 pm
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NEGATIVE IMPACT
Aptiv's stock rating has been downgraded by Baird from Outperform to Neutral, and the price target has been lowered from $105 to $96, suggesting a tempered expectation for the stock's performance.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further reinforces the expectation of a lower valuation for Aptiv.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100