BWS Financial raised the firm’s price target on Garrett Motion (GTX) to $22 from $17 and keeps a Buy rating on the shares. The latest news from Europe that phasing out of the internal combustion engine would be extended beyond 2035, which would push the United Kingdom to follow suit, makes the bear thesis that has been one of the major overhangs on the shares of Garrett Motion “obsolete,” the analyst tells investors.
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