Garrett Motion price target raised to $33 from $30 at JPMorgan

JPMorgan raised the firm’s price target on Garrett Motion (GTX) to $33 from $30 and keeps an Overweight rating on the shares. The firm updated models in the auto suppliers group following the Q1 reports. The sector’s risk/reward is “modestly favorable,” says the analyst, who prefer names with “visible non-auto revision upside and/or strong content tailwinds into 2027.”