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Investing.com - Jefferies has assumed coverage on Forvia SE (EPA:FRVIA) with a Buy rating and a price target of EUR10.70, down from the previous target of EUR24.00.
The automotive supplier’s shares have underperformed in 2025 after significant underperformance in 2024, driven by meaningful derating, according to Jefferies.
The research firm believes disposals, a refreshed strategy, and a move back to outperformance in China will serve as catalysts to reverse the negative trend for Forvia.
Jefferies highlighted that following several years of significant change post-merger, a new CEO brings a fresh perspective to the group with no attachment to any businesses.
The firm identified Electronics, which accounted for 40% of order intake in the first quarter of 2025, and Seating as particularly strong businesses within Forvia, noting the company’s consistent market outperformance and strong position in China, including its relationship with BYD (SZ:002594).
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