UPDATE: Morgan Stanley Raises Delphi Automotive's PT

According to a research report published earlier today, Morgan Stanley has increased Delphi Automotive's

PT from $28 to $36. In the report, Morgan Stanley commented, “We like the fundamental story at DLPH including the secular nature of some of its businesses and the industry-leading cost structure. We also see DLPH as one of the biggest beneficiaries of our higher SAAR number partly because expectations appear to be conservative. We are raising our PT to $36.” Morgan Stanley maintains its Overweight rating on Delphi Automotive, which closed yesterday at $31.96.