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Fly News Breaks for January 31, 2020
ADNT
Jan 31, 2020 | 08:43 EDT
BofA analyst John Murphy upgraded Adient to Buy from Neutral with a price target of $28, up from $24, following the company's "much stronger than expected" Q1 results and FY20 guidance raise. The first quarter results mark "the first real indication of an inflection in performance," said Murphy, who expects further turnaround progress, earnings beats, and outlook raises from here forward.
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