Aptiv downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded Aptiv (APTV) to Market Perform from Outperform without a price target The firm reduced estimates well below the consensus to reflect ongoing auto industry challenges and its take on the tariff impacts on the business. While Aptiv shares have underperformed the broader markets since peaking in early 2022, the stock has been resilient and estimates have been stable since the election, “which seems unlikely to hold over the next few quarters,” the analyst tells investors in a research note. Raymond believes the shares are likely range bound in the near term pending the consummation of the Electrical Distribution Systems business spin in late 2025.