Wells Fargo lowered the firm’s price target on Aptiv (APTV) to $100 from $106 and keeps an Overweight rating on the shares. The firm notes Aptiv traded down despite a large Q3 beat. Guide implies an 80bps quarter-over-quarter margin decline into Q4 on disruption, recoveries and fx/copper. Management is optimistic on 2026 as ASUX and China turn. Wells would be a buyer on the near-term weakness.
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