RBC Capital lowered the firm’s price target on Aptiv (APTV) to $81 from $104 but keeps an Outperform rating on the shares. The company’s Versigent spinoff could unlock value for shareholders, though geopolitical headwinds could prevent multiples from re-rating immediately, the analyst tells investors in a research note. Following the spin, the software-oriented remain-co could also generate new investor interest, the firm added.
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