HSBC upgraded Aptiv (APTV) to Buy from Hold with a price target of $77, up from $63. The company is returning to growth and consensus expectations are “low enough” for Aptiv to start surprising positively as its growth reaccelerates, the analyst tells investors in a research note. The firm says its automotive supplier earnings forecasts reflect cautious market demand expectations for 2025, but notes the sector is closer to the trough.
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