Should you consider ancillary stocks amid demand and valuation concerns in auto sector?
Diversified auto ancillary companies’ revenue and EBITDA for the April-June quarter outperformed OEMs on a year-on-year basis. Moreover, their focus on electric vehicles, strong order books, and exposure to exports could benefit them amid potential headwinds for original equipment manufacturers, such as growing inventory, weakening demand, and stretched valuations. Diversified auto ancillariesβ revenue growth stood…
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These auto stocks can deliver more than 20 % return in one year according to analysts
Synopsis Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components β earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members. Below is a list containing mean…
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