Sep. 12 at 2:01 PM
Barclays upgraded General Motors and Aptiv to Buy from Hold, citing a more neutral outlook on the U.S. auto industry. Tariffs were less severe than feared, and the industry has been able to offset costs, keeping car sales strong. GM’s price target rose to
$73, Aptiv’s to
$105. Aptiv is splitting into two companies, with its software and safety business expected to trade at a higher valuation. GM rose 1.4% premarket, Aptiv 1.5%.
$GM $APTV $SPX $DJIA