GTX Maintains Overweight Rating by JP Morgan -- Price Target Lowered to $35

gurufocus.com · 2026-09-15

On October 3, 2023, Garrett Motion (GTX) received an analyst rating update from JP Morgan. Analyst Rajat Gupta has maintained an Overweight rating on the stock

TickrTrends take: JP Morgan's maintenance of an overweight rating despite lowering its price target to $35 suggests the analyst sees relative strength in GTX compared to peers, even as near-term valuation concerns have intensified. This mixed signal aligns with TickrTrends' overvalued assessment, indicating that while GTX may offer opportunities relative to other Consumer Cyclical stocks, the current absolute price may not reflect fundamental value from a valuation-focused perspective. Investors monitoring GTX's valuation metrics should track whether the $35 target represents a floor for institutional support or signals continued downward pressure on the stock's valuation multiples.

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