Morgan Stanley Downgrades Aptiv to Underweight, Lowers Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas downgraded Aptiv (NYSE:APTV) from Equal-Weight to Underweight and reduced the price target from $90 to $74, indicating a bearish outlook on the stock.
February 07, 2024 | 11:53 am
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NEGATIVE IMPACT
Morgan Stanley downgraded Aptiv to Underweight from Equal-Weight and lowered the price target to $74 from $90.
The downgrade by a major analyst like Morgan Stanley, especially with a significant reduction in the price target, is likely to negatively impact investor sentiment towards Aptiv in the short term. This bearish outlook reflects concerns about the company's future performance, which could lead to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100