TD Cowen analyst Itay Michaeli lowered the firm’s price target on Dauch (DCH) to $7 from $8 and keeps a Hold rating on the shares. The firm adjusted targets in the autos space as part of a Q1 preview. Automakers look better positioned than suppliers to offer investors outlook “reassurances and retaining guidance credibility,” the analyst tells investors in a research note. TD believes guide-down risk is low.
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