BUZZ-<a href="https://laohu8.com/S/EOD">Wells Fargo</a> slashes Aptiv PT, flags spin-off concerns** Wells Fargo cuts PT on auto parts maker Aptiv APTV.N to $95 from $102; maintains rating at "overweight"
** New PT still implies an upside of 31.9% from the stock's last close
** Wells Fargo says co's stock has been under pressure this year as investors remain cautious about the upcoming spin-off of its electrical distribution systems business, Versigent
** Adds co expected to face pressure as DRAM-related worries and broader macro concerns continue to weigh on its growth
** 19 of 24 brokerages rate the stock "buy" or higher, 4 "hold" and 1 "sell"; their median PT is $102 - data compiled by LSEG
** As of last close, stock had fallen 5.3% YTD
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))
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