Phinia price target raised to $57 from $55 at UBS

UBS raised the firm’s price target on Phinia (PHIN) to $57 from $55 and keeps a Buy rating on the shares. Industry challenges are well documented, but the firm sees the case, for the first time in over a year, for positive North America production revisions at some point, the analyst tells investors in a research note. While still a mixed picture globally, a stronger U.S. market can lead to home bias on U.S. auto stocks, the firm says.