UPDATE: Morgan Stanley Reiterates Overweight Rating, Removes PT on Delphi Automotive PLC Following Analyst Dinner

In a report published Thursday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on

, but removed the $85.00 price target. In the report, Morgan Stanley noted, “Delphi hosted management dinner last night where they introduced the new CFO, Mark Murphy, and the new CEO in waiting, Kevin Clark. Management delivered a confident message on outlookand overall strategic focus.” Delphi Automotive PLC closed on Wednesday at $63.10.