Garrett Motion price target raised to $18 from $14 at BWS Financial

BWS Financial raised the firm’s price target on Garrett Motion (GTX) to $18 from $14 and keeps a Buy rating on the shares. The company remains a direct beneficiary of strength within the auto market, as consumers flocked to dealerships in Q3 to purchase battery electric and plug-in hybrids, the analyst tells investors in a research note. The firm added that while the headlines have been dominated by strength in North America, Europe has also shown signs of growth as it inches toward 2023 levels, and Garrett had developed several products for the plug-in hybrid market and should experience a lift in sales.