Phinia upgraded to Outperform from Neutral at BNP Paribas Exane

BNP Paribas Exane analyst Jake Scholl upgraded Phinia (PHIN) to Outperform from Neutral with a price target of $63, up from $52. The firm sees an opportunity for Phinia to be “the next auto supplier market diversification winner,” the analyst tells investors, pointing to a favorable entry point after the shares pulled back after earnings last week.