Aptiv price target raised to $85 from $83 at Oppenheimer

Oppenheimer raised the firm’s price target on Aptiv (APTV) to $85 from $83 and keeps an Outperform rating on the shares. The firm notes the company posted strong results while guiding slightly ahead of the Street as AS&UX growth continues to offset S&PS headwinds. Guidance for 2025 shows in-line revenue despite 3% decline in global vehicle production with better-than-expected margin performance noting Aptiv’s contractual insulation to tariffs, Oppenheimer adds.