Barclays raised the firm’s view on the U.S. autos and mobility sector to Neutral from Negative while upgrading both General Motors (GM) and Aptiv (APTV) to Overweight from Equal Weight. The stocks join Barclays’ current Overweight ratings on Autoliv (ALV), BorgWarner (BWA) and Dana (DAN). Six months into the onset of tariffs, the firm is “positively surprised” by the extent to which the industry has held in better than anticipated. Light vehicle production and sales have seen little disruption, consumer strength has held in, and car makers have worked to find offsets to tariff costs, contends Barclays.
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