Aptiv price target raised to $87 from $72 at Piper Sandler

Piper Sandler analyst Alexander Potter raised the firm’s price target on Aptiv (APTV) to $87 from $72 and keeps a Neutral rating on the shares. The firm notes Aptiv finished lower by 4% after posting above-consensus results in Q3. Although FY25 guidance was increased, the magnitude of the increase was perhaps lower than some may have expected, considering strong Q3 upside, Piper adds. Given the uncertain impact of supply chain disruptions on vehicle production, the firm thinks it’s prudent to adopt a conservative stance regarding guidance.