Piper Sandler Downgrades Aptive PLC. (APTV) to Underweight

April 18, 2022 8:34 AM EDT
Get Alerts APTV Hot Sheet
Price: $102.02 --0%

Rating Summary:
    19 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 3 | Down: 8 | New: 8
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Piper Sandler analyst Alexander Potter downgraded Aptive PLC. (NYSE: APTV) from Neutral to Underweight with a price target of $90.00 (from $177.00).

The analyst commented, "We are downgrading APTV from Neutral to Underweight (DCF-based PT of $90). With its expertise in electronics and software, APTV is positioning itself as a weapon for 20thcentury automakers who are trying to defeat TSLA. The problem is: Tesla achieved its dominance partially by circumventing tier-1 suppliers like APTV. In this market cap range, we prefer RIVN."

For an analyst ratings summary and ratings history on Aptive PLC. click here. For more ratings news on Aptive PLC. click here.

Shares of Aptive PLC. closed at $107.51 yesterday.

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