BUZZ-JP Morgan cuts Aptiv PT on reduced annual estimates

Reuters
Yesterday
BUZZ-JP Morgan cuts Aptiv PT on reduced annual estimates

** J.P. Morgan cuts Aptiv APTV.N PT to $84 from $102 on the back of reduced annual estimates, the new PT shows 60.6% upside to the stocks last close

** Brokerage cuts annual adj EPS estimate to $6.75 from $7.26

** "We expect significant growth over the market over time and high margins and returns to reinforce the high quality of Aptiv's business segments to investors"- brokerage

** For consecutive 10 quarters co's EPS beat estimates

** 17 of 24 brokerages rate the stock "buy" or higher, six "hold" and one "sell"; their median PT is $74

** Co's shares are up 5.2% at $55.03 in early trade on Wednesday

** As of last close, stock had fallen 13.5% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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