NEW YORK (TheStreet) --Berenberg initiated coverage on several automakers and auto parts makers on Tuesday.
The firm lists Goodyear (GT) as a "buy" with a $36 price target, Delphi (DLPH) as a "Hold" with a $70 price target, BorgWarner (BWA) as a "Sell" with a $28 price target. Ford (F) was started with a "Sell" rating and $10 price target, and General Motors (GM) is listed as a "Sell" with a $29 price target.
CNBC's "Halftime Report" dissected the list after the ratings were announced today.
"The interesting thing is Goodyear is not exactly cheap, although I do like this name," Najarian Family and Advisors Office co-founder Pete Najarian said. "This is the one I would hold if I were to get involved because I think there is an upside."
Furthermore, Najarian disagrees with the sell ratings on both GM and Ford, noting that growth is stagnate, but they remain solid stocks to hold because of their dividends, cash flow, and fundamentals.