Aptiv falls after Barclays cuts rating on growth uncertainty

U.S. listed shares APTV.N of auto parts maker Aptiv fall 3.1% to $48.56 premarket

Barclays downgrades rating on company's shares to "equal weight" from "over weight", cuts PT to $55 from $80

Also downgrades ratings for peers Mobileye Global MBLY.O and Visteon VC.O to "equal weight" from "over weight"

"We believe the vast majority of pressure on the stocks over the past couple years has been a function of a weaker growth narrative, with a more muted growth outlook currently priced in" - Barclays

Brokerage says current tariff policy pressures "re-emergence" of growth for the companies

Says APTV could be under more pressure if U.S. administration ultimately proceeds with tariffing non-U.S. content in vehicles, given company's manufacturing exposure in Mexico

17 brokerages rate the stock "buy" or higher, 6 "hold" and 1 "sell"; median PT $77 - LSEG

As of last close, stock down 17.2% YTD