Citigroup Maintains Buy on Aptiv, Lowers Price Target to $136
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Buy rating on Aptiv (NYSE:APTV) but lowers the price target from $150 to $136.
February 01, 2024 | 8:39 pm
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Citigroup maintains a Buy rating on Aptiv but reduces the price target from $150 to $136.
While the reduction in price target could suggest a more cautious outlook on Aptiv's short-term price potential, the maintenance of a Buy rating indicates a continued positive long-term view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100