Adient ADNT shares were trading higher on Wednesday.
Credit Suisse analyst Dan Levy maintained an Outperform rating on the stock and raised the price target from $18 to $22.
Adient is a seating supplier with about one third of the global market as well as a dominant share in China of about 45%. Operations in China are accounted for under the equity method so revenue there is unconsolidated. The company is headquartered in Ireland but has corporate offices in the Detroit area.
Adient shares were trading up 2.1% at $15.55 on Wednesday. The stock has a 52-week range between $29.28 and $5.90.
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