Market Overview

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

Related DLPH
Snake Robot Researchers Are Coming To Detroit! Auto Analysts React
Earnings Scheduled For February 5, 2015
Head-up displays to expand beyond luxury cars (Investor's Business Daily)

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

Feb 2015JP MorganMaintainsOverweight
Feb 2015CitigroupMaintainsBuy
Feb 2015BarclaysMaintainsOverweight

View More Analyst Ratings for DLPH
View the Latest Analyst Ratings

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


Related Articles (DLPH)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→