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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GTX:
- Garrett Motion announces $250M share repurchase program for 2026
- Garrett Motion’s Strong Q3 Performance and Growth Prospects Earn ‘Buy’ Rating
- Garrett Motion price target raised to $20 from $17 at Stifel
- Garrett Motion Reports Strong Q3 2025 Financial Results
- Garrett Motion’s Q3 Earnings Call Highlights Growth and Challenges