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Fly News Breaks for March 16, 2018
MGA, APTV
Mar 16, 2018 | 07:28 EDT
JPMorgan analyst Ryan Brinkman says Aptiv (APTV) CEO Kevin Clark at his firm's conference indicated the company is not seeing any negative implications for its business from Magna International's (MGA) recently announced partnership with Lyft. Aptiv continues to see "tremendous growth opportunities" for its electrical architecture business from the trend toward vehicle electrification, which management believes is finally arriving, Brinkman tells investors in a research note. He keeps an Overweight rating on Aptiv shares with a $106 price target.
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