Aptiv PLC Lowers its 2021 Guidance
<p>Analysts at Berenberg Bank commented on <a href='https://financialmodelingprep.com/financial-summary/APTV'>Aptiv PLC (NYSE:APTV) </a>lowered 2021 guidance, decreasing their price target on the company’s shares to $182 from $187, while reiterating their buy rating.</p>
<p>The company lowered 2021 revenue guidance from $16.1 billion-16.4 billion to $15.1 billion-15.5 billion and adjusted operating margins from 9.9-10.2% to 7.6-8.4% on lower vehicle production. </p>
<p>While the negative operating leverage on lower revenues is worse than the analysts anticipated, they believe the market has largely expected downward guidance revisions. In their view, the revision de-risks the upcoming earnings release and they would be buying on any share price weakness now that estimates have once again been re-based. </p>

NYSE:APTV