Aptiv upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Andrew Percoco upgraded Aptiv (APTV) to Overweight from Equal Weight with a price target of $71, down from $87. The company is well positioned to benefit from longer-term growth in vehicle electrification, advanced driver-assistance systems, and autonomy, the analyst tells investors in a research note. The firm says Aptiv’s portfolio is moving toward higher-margin electronics and software. It views the stock’s current setup as “increasingly attractive.”