RBC Capital analyst Tom Narayan raised the firm’s price target on Aptiv (APTV) to $101 from $92 and keeps an Outperform rating on the shares as part of a broader research note previewing Q3 results for global automakers. FY26 consensus numbers are likely too low, especially when factoring in a lower assumed net tariff impact in FY26 relative to FY25, the analyst tells investors in a research note, adding that the firm sees further upside as long-term mitigation efforts, such as onshoring, begin to materialize.
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