Adient Shares Rise 2% As Wells Fargo Upgrades Stock To Overweight

Wells Fargo upgraded Adient (NYSE: ADNT) from Equal Weight to Overweight, raising its price target to $31 from $24. Shares rose nearly 2% in pre-market trading Thursday.

The firm said Adient stood to benefit from improved global light vehicle production in 2026, with adjusted EBITDA projected about 7% above consensus and the stock trading at near-trough valuation multiples.

While the company's turnaround had been delayed by weak global production, unfavorable customer mix, extended unprofitable programs, and persistent cost inflation, Wells Fargo said margin recovery should accelerate beginning in 2026 as North American volumes improve, foreign exchange trends stabilize, and unprofitable programs wind down.