Skip to Content
Quarter-End Insights

Industrials: Pockets of Value in Automotive

Bargains are currently scarce in the sector, but industrials continue solid execution and segment portfolio refinement.

Mentioned: , , , , , , , , ,
  • We consider industrials to be fairly valued, generally speaking, but see pockets of value in the automobile manufacturing sector. 
  • Industrials are benefiting from healthy midcycle demand and are producing solid margins.
  • Flush with cash and having refinanced high-interest-rate debt during recent years, some industrials have turned to refining their portfolios to better match long-run targets.

To view this article, become a Morningstar Basic member.

Register for Free

Keith Schoonmaker has a position in the following securities mentioned above: GM. Find out about Morningstar’s editorial policies.