Wells Fargo lowered the firm’s price target on Aptiv (APTV) to $75 from $77 and keeps an Overweight rating on the shares. The firm notes Aptiv traded up about 1% after a strong EBIT beat. Management noted their U.S. imports are over 99% USMCA compliant, implying very low direct tariff risk. However, guide was paused, given LVP uncertainty. Postively, the EDS spin is still on track, Wells says.
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