Stifel initiated coverage of Garrett Motion (GTX) with a Buy rating and $17.50 price target The company is a leading global supplier of gasoline and diesel turbochargers for automotive original equipment manufacturers with ongoing product development initiatives to drive growth in emerging zero emission technologies for vehicle and broader industrial use cases, the analyst tells investors in a research note. The firm added that Garrett has the potential to deliver differentiated growth from its Zero Emission portfolio.
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