Garrett Motion price target raised to $20 from $17 at Stifel

Stifel raised the firm’s price target on Garrett Motion (GTX) to $20 from $17 and keeps a Buy rating on the shares following a “strong” Q3 with revenue and EBITDA ahead of consensus and guidance raised. Continued share gains in both passenger and commercial vehicles, as well as industrial, including data centers, give the firm confidence in the outlook for growth, the analyst tells investors.