Garrett Motion (GTX) Research Coverage Started at UBS Group

UBS Group started coverage on shares of Garrett Motion (NYSE:GTX) in a report issued on Friday morning, 99wallstreet.com reports. The brokerage issued a sell rating on the stock.

A number of other brokerages have also weighed in on GTX. Bank of America assumed coverage on shares of Garrett Motion in a research note on Tuesday, October 2nd. They issued an underperform rating and a $15.00 price target for the company. Barclays assumed coverage on shares of Garrett Motion in a research note on Tuesday, October 9th. They issued an equal weight rating and a $16.00 price target for the company. Finally, Royal Bank of Canada assumed coverage on shares of Garrett Motion in a research note on Monday, October 1st. They issued an underperform rating and a $14.00 price target for the company.

Shares of NYSE:GTX opened at $14.94 on Friday. Garrett Motion has a twelve month low of $13.33 and a twelve month high of $22.00.

Hedge funds have recently added to or reduced their stakes in the stock. America First Investment Advisors LLC purchased a new stake in shares of Garrett Motion in the 3rd quarter valued at approximately $6,114,000. Strs Ohio purchased a new stake in shares of Garrett Motion in the 3rd quarter valued at approximately $1,385,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Garrett Motion in the 3rd quarter valued at approximately $30,090,000. FNY Investment Advisers LLC purchased a new stake in shares of Garrett Motion in the 3rd quarter valued at approximately $449,000. Finally, Thornburg Investment Management Inc. purchased a new stake in shares of Garrett Motion in the 3rd quarter valued at approximately $694,000. 0.55% of the stock is owned by institutional investors and hedge funds.

Garrett Motion Company Profile

Garrett Motion Inc designs, manufactures, and sells turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket worldwide. The company was incorporated in 2018 and is headquartered in Rolle, Switzerland.

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