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Investing.com - BofA Securities has raised its price target on Phinia Inc. (NYSE:PHIN) to $60.00 from $55.00 while maintaining a Buy rating on the stock. The company’s shares, currently trading at $53.85, have shown strong momentum with an 8.8% gain over the past week.
The price target increase follows Phinia’s second-quarter 2025 earnings report released on Thursday, which exceeded both BofA and consensus expectations.
Phinia reported adjusted earnings per share of $1.27 for the quarter, surpassing BofA’s estimate of $1.09 and consensus expectations of $1.03.
According to BofA Securities, the earnings beat was primarily driven by stronger operating results in both the Fuel Systems and Aftermarket segments, with a core beat of $0.12 per share.
The firm noted that favorable volume and mix, supplier savings, and foreign exchange factors all contributed to Phinia’s stronger-than-expected quarterly performance.
In other recent news, Phinia Inc. announced impressive financial results for the second quarter of 2025, exceeding analysts’ expectations. The company reported an adjusted earnings per share (EPS) of $1.27, significantly higher than the forecasted $0.93, marking a 36.56% surprise. Additionally, Phinia achieved net sales of $890 million, representing a 2.5% increase from the previous year. These results have drawn attention from investors and analysts alike. While the stock saw a positive reaction in pre-market trading, the focus remains on the company’s robust financial performance. No mergers or acquisitions were reported in this period. The recent developments highlight Phinia’s strong market position and operational efficiency. Analyst firms have yet to release any new ratings or projections following this earnings report.
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