Aptiv price target raised to $85 from $77 at RBC Capital

RBC Capital analyst Tom Narayan raised the firm’s price target on Aptiv (APTV) to $85 from $77 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 for global automaker OEMs. Sentiment for U.S. autos continues to be negative, with OEMs absorbing tariffs in Q2, though starting in Q3, pricing offsets will ramp up dealer inventories and pressure vehicle sales, especially given tariff pre-buy in the first half of 2025, the analyst tells investors in a research note. For the company, FY25 consensus could prove too low, given it is at the bottom end of the pre-tariff guidance, which incorporates a “well below S&P global production forecast”, RBC added.