Bank of America Securities Sticks to Their Buy Rating for PHINIA Inc. (PHIN)

In a report released yesterday, Federico Merendi from Bank of America Securities maintained a Buy rating on PHINIA Inc., with a price target of $61.00. The company’s shares closed yesterday at $51.45.

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According to TipRanks, Merendi is a 2-star analyst with an average return of 1.2% and a 51.72% success rate. Merendi covers the Consumer Cyclical sector, focusing on stocks such as Ford Motor, PHINIA Inc., and Asbury.

In addition to Bank of America Securities, PHINIA Inc. also received a Buy from Northland Securities’s Bobby Brooks in a report issued on October 1. However, on October 11, TR | OpenAI – 4o downgraded PHINIA Inc. (NYSE: PHIN) to a Hold.

Based on PHINIA Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $890 million and a net profit of $46 million. In comparison, last year the company earned a revenue of $868 million and had a net profit of $14 million

Based on the recent corporate insider activity of 151 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PHIN in relation to earlier this year. Most recently, in August 2025, Samantha Pombier, the VP & Controller of PHIN sold 400.00 shares for a total of $21,224.00.