Aptiv price target raised to $82 from $75 at RBC Capital

RBC Capital raised the firm’s price target on Aptiv (APTV) to $82 from $75 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s guidance is “even more impressive” when considering that it incorporates a “very conservative” negative 5% North American market production level, the analyst tells investors in a research note, also noting that the EDS – Electrical Distribution Systems – spin will help highlight trapped value at RemainCo.