10 Tech News Updates Investors Should Not Miss

5. Aptiv PLC (NYSE:APTV)

Number of Hedge Fund Holders: 52

Aptiv PLC (NYSE:APTV) is an automotive technology supplier. On March 6th, TD Cowen initiated coverage on the company’s stock, giving it a “Buy” rating with a price target of $90. The rating is backed by the company’s accelerated growth driven by impressive bookings compared to its peers. The automotive technology company’s anticipated Electrical Distribution Systems spinoff could potentially serve as a catalyst for future growth.

Through the spinoff, the company’s financial structure is slated to be more aligned with multi-industrial companies which can have a strong bearing on its stock performance.