Aptiv price target raised to $77 from $60 at RBC Capital

RBC Capital raised the firm’s price target on Aptiv (APTV) to $77 from $60 and keeps an Outperform rating on the shares after its Q1 earnings beat. The quarter saw better operating performance and stronger market as measured by auto production that was also coupled with Q2 looking in line with original expectations, the analyst tells investors in a research note. On tariffs specifically, the direct levies’ impact on Aptiv is minimal, and the risk is mainly on market volume, the firm adds.