Wells Fargo lowers PT for Adient on inflationary headwinds

Adient

06/05/2022 15:46

** Wells Fargo lowers PT for automotive seating and
interiors supplier  ADNT.N , citing headwinds from inflationary
pressures
    ** ADNT now needs to address the $125M in 2022 "sticky
costs" to get margins back on track again - brokerage 
    ** Lowers PT by $7 to $43, sees $80 mln reduction in
commodity headwinds to co 
    ** 5 of 11 brokerages rate the stock "buy" or higher, 4
"hold" and 2 "sell" or lower; their median PT is $46 - Refinitiv
data
    ** YTD, ADNT down 29.55%  

 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))