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Fly News Breaks for February 3, 2020
ADNT
Feb 3, 2020 | 06:12 EDT
Buckingham analyst Glenn Chin upgraded Adient to Neutral from Underperform with a price target of $27, up from $20. The analyst cites the company's "big" fiscal Q1 earnings beat as well as progress towards deleveraging its balance sheet for the upgrade. The fourth consecutive quarter of sequential margin improvement suggests Adient's turnaround is "well underway," Chin tells investors in a research note.
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