UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on Delphi Automotive PLC on Upcoming Catalysts

In a report published Monday, Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating on

, and raised the price target from $85.00 to $90.00. In the report, Morgan Stanley noted, “While some investors may be disappointed that 3Q results may not have blown their socks off, we think DLPH is well set up for a number of catalysts over the next few months that set the stage for the long-term secular story.” Delphi Automotive PLC closed on Friday at $66.78.