BWS Financial Starts Garrett Motion (GTX) at Buy
Get Alerts GTX Hot Sheet
Rating Summary:
1 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 10
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Monness, Crespi, Hardt Downgrades Palantir Technologies Inc. (PLTR) to Sell on 'egregiously rich valuation... darkest days of this economic downturn are ahead of us'
- RBC Capital Starts Jasper Therapeutics (JSPR) at Outperform
- Piper Sandler Starts SI-BONE Inc. (SIBN) at Overweight, 'would recommend investors own the name'
Create E-mail Alert Related Categories
Analyst Comments, Hot New Coverage, New CoverageRelated Entities
BWS Financial, BankruptcySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!