Wells Fargo Upgrades Adient (ADNT) to Overweight

Wells Fargo analyst Colin Langan upgraded Adient (NYSE: ADNT) from Equal Weight to Overweight with a price target of $31.00 (from $24.00).

The analyst comments "Our Call • We upgrade ADNT to OW (EW prior) • We think ADNT benefits from the "rising tide" of better 2026 LVP • Adj EBITDA ~7% above consensus & valuation near trough multiples • Improved LVP is a tailwind to restructuring likely driving a re-rate higher Stability Key to Turnaround ADNT's turnaround story has been delayed by weak global production, negative customer mix, the extension of unprofitable program & persistent cost inflation with core EBITDA stuck in the low 5% range from 2023-25E. We est. ADNT's core 2025 EBITDA will be ~5.4% or ~260bps below its LT 8% target (based on seating peers). We see the margin turnaround kicking back into gear in 2026 as N America LVP up, FX is favorable, costs table & unprofitable biz ending."

For an analyst ratings summary and ratings history on Adient click here. For more ratings news on Adient click here.

Shares of Adient closed at $24.32 yesterday.

You May Also Be Interested In

• Morgan Stanley Upgrades Telecom Argentina (TEO) to Overweight
• AmerX Starts Kodiak AI (KDK) at Hold
• Benchmark Reiterates Buy Rating on The Trade Desk (TTD)