** Shares in auto parts and components supplier Aumovio (AMV0n.DE) rise around 3% on their second trading day
** The company, spun off from German tyre maker Continental CON, listed on the Frankfurt Stock Exchange on Thursday
** Deutsche Bank and J.P.Morgan start the company with “buy” and “overweight” ratings, respectively
** After the IPO, the company could act swiftly on portfolio and cost measures, which should prove to be an advantage going forward, DB says
** The achievement mid-term margin target of 4-6% and sustainable free cash flow levels would align Aumovio closer to peers, it adds
** “Aumovio should at least trade in line with its French peers, such as Valeo and Forvia, due to its powertrain-agnostic portfolio, which we think warrants a premium,” JPM says
** Analysts point to a strong balance sheet without financial debt
