Aptiv price target raised to $88 from $84 at Oppenheimer

Oppenheimer analyst Colin Rusch raised the firm’s price target on Aptiv (APTV) to $88 from $84 and keeps an Outperform rating on the shares following strong Q2 results. The firm notes progress on driving its non-LDV and developing its ecosystem of AI solutions. While the company manages through a shifting policy environment and FX fluctuations, Oppenheimer believes its ongoing investment in emerging technologies will support its position as an essential partner for OEMs in an environment where vehicle development program timelines are reduced. It also thinks Aptiv’s exposure into aerospace, industrials, and commercial vehicles will provide important insight into technology opportunities in the LDV space as we anticipate cross-pollination physical AI technology strategies across end-markets.