On Friday, Barclays raised its recommendation on Forvia shares from "underweight" to "overweight", with a target price raised from 20 to 24 euros.

In a study devoted to the European automotive supplier sector, the analyst believes that it is time to take another look at the dossier, which he had downgraded in July 2022.

While acknowledging that Forvia is far from isolated from the turbulence currently shaking the market (slowdown in the electrical sector, high interest rates, ..), Barclays says he feels that 'the worst is over' for the stock.

In his view, the company is at a 'turning point', particularly in terms of free cash flow.

And with the stock down 21% since the start of the second half, valuation is now more attractive, he adds, with a P/E back below its long-term average.

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