JPMorgan Lifts PT on Adient plc (ADNT) to $26 From $22, Keeps a Neutral Rating

Adient plc (NYSE:ADNT) is one of the most undervalued small cap stocks to invest in now. JPMorgan lifted its price target on Adient plc (NYSE:ADNT) to $26 from $22 on October 20, while keeping a Neutral rating on the shares.

The rating update was a part of a Q3 preview for the autos group, with the firm telling investors that it raised its estimates for its preferred sector segment, the auto suppliers, because of favorable trends in commodities and currencies and solid global light vehicle production.

The firm also slashed estimates for rental car companies and tiremakers, citing more aggressive pricing and a rise in low-cost imports as significant factors supporting the move, respectively.

The same day, Stifel also raised its price target on Adient plc (NYSE:ADNT) to $29 from $27 while keeping a Buy rating on the shares.

The firm believes that following considerable uncertainty in the global macro economy after April 2, the biggest adjustment it has seen for its industrial companies is a rise in pricing. It added that this has been almost exclusively shifted to customers with little resistance.

Adient plc (NYSE:ADNT) is involved in the manufacture, design, and marketing of automotive seating systems. The company’s operations span the following geographical segments: Americas, EMEA, and Asia.

While we acknowledge the potential of ADNT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.