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Morgan Stanley Downgrades Aptive PLC. (APTV) to Underweight, 'Slower EVs and AVs = Slower GOM'

February 6, 2024 6:13 PM EST

Morgan Stanley analyst Adam Jonas downgraded Aptive PLC. (NYSE: APTV) from Equalweight to Underweight with a price target of $74.00 (from $90.00).

The analyst comments "Aptivs portfolio is built for rapid EV adoption from Western OEMs. A slowdown in demand for EVs and legacy OEMs... More