Market Overview

UPDATE: J.P. Morgan Reiterates Overweight Rating, Raises PT on Delphi Automotive PLC on Investor Day Highlights

Related DLPH
3 Best Ways To Invest In Driverless Car Technology Today
Despite Strong Earnings, Goldman Remains Cautious On Auto Suppliers

In a report published Wednesday, J.P. Morgan reiterated its Overweight rating on Delphi Automotive PLC (NYSE: DLPH), and raised its price target from $45.00 to $48.00.

J.P. Morgan noted, “DLPH is structurally advantaged today because it was able, through a long bankruptcy process, to cherry pick the best, most profitable businesses of a large diversified supplier, emerging with an attractive low cost footprint, strong geographic exposure, and a product set aligned with the ‘safe, green and connected' industry secular growth themes it has identified. Delphi was also early to understand the growth opportunity in China. As a result, today only VC and JCI derive a greater portion of non-consolidated sales from China. What is more, DLPH's China sales are fully consolidated. Its greater ownership and management control of its all its China ventures, further leverages it to this growth market.”

Delphi Automotive PLC closed on Tuesday at $39.73.

Latest Ratings for DLPH

Apr 2016CitigroupMaintainsBuy
Mar 2016UBSUpgradesNeutralBuy
Jan 2016BarclaysMaintainsOverweight

View More Analyst Ratings for DLPH
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Price Target Analyst Ratings


Related Articles (DLPH)

View Comments and Join the Discussion!