Headlines driving 'overreaction' in Garrett Motion shares, says BWS Financial
BWS Financial analyst Hamed Khorsand says Garrett Motion's initial reaction in the third quarter has been related to renewed concerns related to tariffs and the potential for industrial sales being slower than expected due to lower data center capital expenditures, but the firm sees the market "putting on an aggressive amount of weight related to headlines that would have little bearing on GTX's second quarter and current outlook." The firm, which is not making any changes to estimates, keeps a Buy rating and $42 price target on the shares.
BWS Financial analyst Hamed Khorsand says Garrett Motion's initial reaction in the third quarter has been related to renewed concerns related to tariffs and the potential for industrial sales being slower than expected due to lower data center capital expenditures, but the firm sees the market "putting on an aggressive amount of weight related to headlines that would have little bearing on GTX's second quarter and current outlook." The firm, which is not making any changes to estimates, keeps a Buy rating and $42 price target on the shares.