Aptiv PLC (APTV) saw its stock surge 9% after reporting strong Q1 results, including better-than-expected earnings and raised earnings guidance for FY24, despite slightly missing revenue estimates. CEO Kevin Clark highlighted significant new business awards totaling nearly $13 billion.
On CNBC’s "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. (NYSE: DAL), which is scheduled to report quarterly earnings on Wednesday.
Aptiv shares decline as Morgan Stanley downgrades to Underweight, citing concerns over Q4 FY23 results and a lowered price target of $74. Analyst Adam Jonas warns of EV demand slowdown, impacting Aptiv's growth outlook.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.