Wall Street Maintains a Positive Opinion on ​Garrett Motion Inc. (GTX)

​Recently, connected December 17, JPMorgan initiated the banal with an Overweight standing and a $23 terms target. Earlier connected December 12, BWS Financial besides maintained a Buy standing connected the banal and raised the terms people from $18 to $22.

JPMorgan noted that the bullish sentiment is based connected the less headwinds for Garrett Motion Inc.’s (NASDAQ:GTX) interior combustion engines and expected tailwinds for zero-emission vehicles. The steadfast noted that they expect artillery electrical vehicles to turn much dilatory than antecedently anticipated, which reduces the challenges for GTX’s ICE business.

​Similarly, BWS Financial besides believes that ICE’s volition stay applicable beyond 2035 owed to their agelong lifespan arsenic compared to artillery electrical vehicles. The steadfast highlighted that, arsenic a result, the company’s near-term improvement and partnerships for ICE are apt to stay unchanged. Moreover, the institution is besides expanding into zero-emission vehicles, which besides reaffirms the company’s semipermanent concern case.

Garrett Motion Inc. (NASDAQ:GTX) is simply a Switzerland-based automotive exertion company. It specializes successful turbocharging and electrical boosting exertion for vehicles.

While we admit the imaginable of GTX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.