BoFA Resumes Coverage of Adient (ADNT) With a Underperform Rating

Adient plc (NYSE:ADNT) is one of the Best Small-Cap Growth Stocks to Buy According to Hedge Funds. On March 4, Bank of America Securities resumed coverage of Adient plc (NYSE:ADNT) with an Underperform rating and a $22 price target.

The firm highlighted in a research note that, as per the current market environment, automakers are focusing on cutting costs due to slowing global sales. BofA noted that Adient plc (NYSE:ADNT) faces headwinds due to its increased exposure in the less profitable European region and idiosyncratic profitability. The firm believes that these factors are expected to impact the company’s growth and margin expansion compared to the market.

​The company released its fiscal Q1 2026 results on February 4. The revenue for the quarter grew 4.26% year-over-year to $3.64 billion and topped estimates by $166.69 million. Moreover, the EPS of $0.35 also surpassed estimates by $0.16. Management attributed growth to FX tailwinds from Europe. The company also raised annual sales guidance to approximately $14.6 billion, from $14.4 billion, along with adjusted EBITDA guidance to $880 million from $845 million.

Adient plc (NYSE:ADNT) is a leading global supplier of automotive seating systems and components. The company focuses on designing, manufacturing, and marketing seats for passenger cars, light trucks, vans, SUVs, and commercial vehicles.