Freedom Broker upgrades Garrett Motion to Buy and lowers price target to $31
Freedom Broker raised its rating on Garrett Motion from Hold to Buy and set a new price target of $31, down from $34. The upgrade follows the company's third‑quarter results showing $930 million in net sales, $152 million adjusted EBIT and a 16.3% adjusted EBIT margin. The analyst also lifted industrial revenue outlook to about $230 million for 2026 and $300 million for 2027 while cutting its adjusted EBIT estimate for 2026 to $580 million and its 2027 EPS estimate to $2.20.
Why it matters
Freedom Broker’s note suggests the stock is undervalued, with the $31 target implying roughly a 48% upside from the recent close. The rating upgrade may prompt buying pressure from investors following the analyst’s revised outlook.
Key facts
- 1Freedom Broker upgraded Garrett Motion from Hold to Buy. investing.com
- 2The new price target is $31, lowered from $34. investing.com
- 3Third‑quarter net sales were $930 million. investing.com
- 4Adjusted EBIT for the quarter was $152 million. investing.com
- 5Adjusted EBIT margin expanded to 16.3%, up 160 basis points YoY. investing.com
- 6Adjusted free cash flow reached $136 million. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.