Garrett Motion initiated with a Buy at Freedom Broker

Freedom Broker analyst Kanagat Yertay initiated coverage of Garrett Motion (GTX) with a Buy rating and $22 price target Garrett Motion is “an attractive way to gain exposure to an extended runway for efficient ICE and hybrid powertrains,” says the analyst, who cites a slower EV transition that preserves demand for turbo-enabled powertrains as well as Garrett’s leading position in turbocharging and hybrid boosting technologies.