Phinia price target raised to $65 from $52 at Northland

Northland analyst Bobby Brooks raised the firm’s price target on Phinia (PHIN) to $65 from $52 and keeps an Outperform rating on the shares. The firm views Phinia’s “strong” Q2 results and reaffirmed guidance amid other auto suppliers cutting as “a clear reflection of the company’s operational excellence and underlying resiliency,” the analyst tells investors.