As previously reported, BofA downgraded Adient (ADNT) to Underperform from Neutral with a price target of $18, down from $24, after the firm lowered its North American auto production estimate to 16.1M from 16.7M to reflect plant downtime and a material increase in Chinese imports to Mexico. Continued challenges resulted in the company revising its expectations for FY25 lower, driven by weaker production volumes in Europe and China, the “company’s crown jewel,” the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADNT:
- Adient downgraded to Underperform from Neutral at BofA
- Adient price target lowered to $17 from $19 at Morgan Stanley
- Adient plc Navigates Challenges with Resilient Earnings Call
- Adient plc Reports Q1 2025 Financial Outcomes
- Adient cuts FY25 revenue view to $13.9B from $14.1B-$14.5B, consensus $14.09B
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue