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Investing.com - UBS raised its price target on Adient (NYSE:ADNT) to $26.00 from $25.00 on Thursday, while maintaining a Neutral rating on the automotive seating supplier. According to InvestingPro data, the stock has shown strong momentum with a 35.5% return over the past six months, trading at an EV/EBITDA multiple of 4.9x.
The investment bank cited Adient’s continued solid business performance as one factor strengthening the company’s investment thesis. UBS also noted that Adient stands to benefit from manufacturing reshoring to the United States.
UBS analyst Joseph Spak highlighted a path to normalized free cash flow in the $300-400 million range for Adient. Despite these positive factors, the bank maintained its Neutral stance on the stock.
The analyst noted that while these benefits are becoming clearer, they will take time to materialize. In the interim, restructuring costs could remain elevated, potentially reducing free cash flow potential.
UBS’s revised price target reflects a modest 1.5% increase to its forecast, with the bank’s FY26 EBITDA estimate sitting approximately 3.5% above consensus expectations.
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