UBS cuts Aptiv stock price target to $80 on Versigent spinoff

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UBS has cut its price target for Aptiv (NYSE:APTV) to $80 from $97, while maintaining a Buy rating, following the spin-off of Versigent. The new target is based on 13 times the firm’s 2027 earnings per share estimate for the stand-alone Aptiv entity. Aptiv’s shares currently trade significantly below this new target, and other firms like TD Cowen and RBC Capital have also adjusted their targets due to the spin-off.

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