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BWS Financial Starts Garrett Motion (GTX) at Buy

June 3, 2021 9:06 AM EDT
Get Alerts GTX Hot Sheet
Price: $10.04 +0.10%

Rating Summary:
    1 Buy, 4 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 10
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BWS Financial analyst Hamed Khorsand initiates coverage on Garrett Motion (NASDAQ: GTX) with a Buy rating and a price target of $15.00.

The analyst commented, "GTX has recently emerged from Chapter 11 protection with a stronger financial foundation and a business that has several years of sales growth. GTX benefits from adoption of its new VNT gasoline turbocharger as a larger percentage of units sold. Additionally, the upcoming roll out of its e-turbo turbocharger should result in sales continuing to grow in 2022 and 2023. GTX's stock is trading at a discount to peers, which should close relatively soon as the Company reports quarterly results."

For an analyst ratings summary and ratings history on Garrett Motion click here. For more ratings news on Garrett Motion click here.

Shares of Garrett Motion closed at $8.15 yesterday.



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