Phinia initiated with a Buy at Freedom Capital

Freedom Capital initiated coverage of Phinia (PHIN) with a Buy rating and $82 price target Phinia is a global supplier to OEMs and the automotive aftermarket, benefiting from a large installed base that drives recurring replacement demand and cyclical exposure to vehicle production across ICE and hybrid platforms, the analyst tells investors in a research note. Strong cash generation and shareholder returns support participation in the long tail of combustion engine demand, with additional upside from early expansion into aerospace and defense, the firm argues.