BUZZ-Barclays slashes PT on US auto parts suppliers on softening demand

Reuters03-30
BUZZ-Barclays slashes PT on US auto parts suppliers on softening demand

** Barclays cuts price target on U.S. auto parts suppliers on softer end-market volumes and subdued light vehicle production expectations

** Brokerage says outlook for suppliers remains challenging due to muted growth, but most companies likely to reaffirm 2026 guidance, even as the trajectory looks modestly negative

** Adds Aptiv's APTV.N growth prospects remain subdued, reinforcing investor skepticism about durable recovery

** Says Adient ADNT.N to have weaker Q2 due to lower income from its China joint venture and an unfavorable production mix

** As of last close, S&P 600 Consumer Discretionary sector .SPSMCD down 4.3% YTD

Companies

New PT

Old PT

Adient

$26

$27

Autoliv

$135

$140

Aptiv

$77

$105

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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