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Fly News Breaks for November 12, 2018
ADNT
Nov 12, 2018 | 07:23 EDT
UBS analyst Colin Langan noted Adient reported Q4 results in line with their preannouncement but said its dividend cut and debt covenant adjustment likely led to liquidity concerns and drove the share decline. The analyst believes the selloff is overdone and little has changed with the company. He believes the issues are largely isolated to a handful of plants and future launches and there is no glaring level of uncompetitiveness. Langan reiterated his Buy rating and $50 price target on Adient shares.
News For ADNT From the Last 2 Days
ADNT
Apr 22, 2024 | 07:42 EDT
