Market News / Story
Goldman Sachs cuts Gentex to Sell on higher input costs, low China OEM exposure
Seeking Alpha ·
Seeking Alpha reports: Auto suppliers can expect a more difficult demand environment to be reflected in third quarter results given soft China domestic retail sales and a low-single-digit year-over-year decline in light vehicle production (LVP) The pressure on profits will be further exacerbated by rising input costs, including memory components, leading Goldman Sachs to take a more cautious outlook towards a number of tier one suppliers, including Aptiv , Visteon , Versigent PLC , Lear ,…