Barclays Maintains Equal-Weight on Adient, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy maintains an Equal-Weight rating on Adient (NYSE:ADNT) and lowers the price target from $37 to $34.

May 07, 2024 | 3:23 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on Adient and lowers the price target from $37 to $34.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Adient's stock price. The Equal-Weight rating suggests that the analyst views the stock as fairly valued at its current price, but the lowered price target indicates a revision of the stock's future valuation, which might lead to short-term selling pressure.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100