Adient reports strong Q2 financial results; provides update to FY24 outlook
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Adient (ADNT) PT Lowered to $32 at JPMorgan
May 7, 2024 6:02 AM EDTJPMorgan analyst Ryan Brinkman lowered the price target on Adient (NYSE: ADNT) to $32.00 (from $37.00) while maintaining a Neutral rating.
The analyst comments "We are lowering our estimates and price target for Adient shares after the firm on Friday reported F2Q results largely in line with expectation but lowered its outlook for full year revenue, earnings, and cash flow, on account of headwinds stemming from adverse customer and program mix, customer launch issues, and due to its overexposure to electric vehicles, the production of which have recently not been performing in line with... More
Adient (ADNT) PT Lowered to $30 at Deutsche Bank
May 6, 2024 6:19 AM EDTDeutsche Bank analyst Emmanuel Rosner lowered the price target on Adient (NYSE: ADNT) to $30.00 (from $32.00) while maintaining a Hold rating.
The analyst comments "Adients deep cut to its FY24 outlook, despite solid F2Q performance, reflects a large expected impact on... More
