0357 GMT - Amotiv keeps its bull at Citi despite any tariff headwinds facing the Australian automotive-accessory supplier. Citi's analysts keep a buy rating on the stock, pointing to continued resilience in the powertrain and under-car segment. They remind clients that Amotiv's products are more exposed to mining and industrial rather than retail, which may offer some protection against a softening U.S. consumer backdrop. Writing in a note, they also anticipate an improvement in Amotiv's four-wheel-drive segment as cyclical weakness passes and the Reserve Bank of Australia cuts interest rates. Citi cuts its target price 13% to A$12.35. Shares are down 5.6% at A$6.91. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 06, 2025 23:58 ET (03:58 GMT)
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