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Fly News Breaks for January 9, 2020
APTV
Jan 9, 2020 | 07:59 EDT
As previously reported, Benchmark analyst Michael Ward initiated coverage of Aptiv with a Buy rating and $110 price target. He sees a developing Industrial Tech Sector within the auto industry and views Aptiv as the "top industrial tech play in auto," Ward tells investors. Given that the company offers solutions for vehicle manufacturers to satisfy more strict regulations for emissions, safety, and fuel economy, Ward expects Aptiv's growth to continue at the high end of the Supplier comp group over the next few years, he noted.