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US Auto Suppliers' Q3 Results Could 'Largely Miss Expectations', Deutsche Bank Says
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US Auto Suppliers' Q3 Results Could 'Largely Miss Expectations', Deutsche Bank Says
Oct 4, 2024 6:53 AM

08:26 AM EDT, 10/04/2024 (MT Newswires) -- US auto suppliers are expected to post Q3 results that "could largely miss expectations," with the exception of a handful of companies, Deutsche Bank said in a note Friday.

A few of the auto suppliers are forecast to post in-line Q3 results and potentially "deliver small outperformance on margins," the analysts said.

"We expect broad-based top-line misses from suppliers, and some that could still meet margin expectations thanks to cost actions," the note also said.

While suppliers with little exposure to Stellantis' ( STLA ) inventory troubles, such as Adient (ADNT), American Axle (AXL), BorgWarner ( BWA ) , and Visteon ( VC ) could still meet Q3 estimates, Aptiv ( APTV ) , Autoliv ( ALV ) , Dana (DAN), and Lear (LEA) are at risk of missing top-line expectations, the note said.

Deutsche Bank singled out Aptiv ( APTV ) as one company in the sector which may outperform on its bottom line in Q3.

Price: 21.44, Change: -0.35, Percent Change: -1.61

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