As previously reported, BofA downgraded Adient (ADNT) to Neutral from Buy with a price target of $24, down from $30, based on a lack of near-term catalysts as well as operating results “pointing flat to down” in FY25. The soft FY25 outlook may be made worse by Adient’s large exposure to automakers whose production volumes will likely remain under pressure, the analyst tells investors.
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Read More on ADNT:
- Adient downgraded to Neutral from Buy at BofA
- Adient plc Reports Decreased Earnings Amid Restructuring
- Adient sees FY25 revenue $14.1B-$14.4B, consensus $14.6B
- Adient reports Q4 adjusted EPS 68c, consensus 52c
- Adient enters joint development agreement with Paslin
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