Guggenheim cuts Aptiv's PT on low 2025 margin expectations
** Guggenheim cuts PT of auto parts supplier Aptiv Plc APTV.N to $73 from $87, maintains "buy" rating
** The new price target represents a 38.8% upside to the stock's last close
** Says APTV gross margin is likely to be negative in China, fearing that market forecasters continue to underestimate Chinese peer BYD's production growth potential
** The auto industry faced a bumpy second half of the year over competition from Chinese companies and a decline in consumer demand due to inflation and economic concerns
** Brokerage also sees continued negative EV demand ex-China and "concern around North America customer mix"
** 18 brokerages rate the stock "buy" or higher, six "hold" and two "sell"; their median PT is $75 - LSEG data
** As of last close, stock had fallen 41.4% YTD
Reporting by Aatreyee Dasgupta
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