Reported 1 day ago
BNP Paribas Exane has initiated coverage of Garrett Motion Inc. (NASDAQ: GTX), offering an 'Outperform' rating and a price target of $14.00 based on the company's strong profitability and commitment to returning capital to shareholders. The firm highlighted that Garrett's net sales reached $878 million in Q1 2025, with a net income of $62 million, alongside ongoing share buybacks and dividend payouts. The company, a leader in turbocharging, has expanded its business opportunities with major automakers and made strides in E-Powertrain technologies, indicating a positive trajectory for its zero-emission product line.
Source: YAHOO