Phinia price target raised to $52 from $48 at UBS

UBS raised the firm’s price target on Phinia (PHIN) to $52 from $48 and keeps a Neutral rating on the shares. The firm expects “broadly strong” results from U.S. autos, auto parts, and auto tech, but the group could take a breather, the analyst tells investors in a research note. While it’s tough to be negative when there are beats and numbers move higher, UBS says it’s “tough” to be overly positive on valuation.