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UPDATE: Citigroup Raises PT on Delphi Automotive Following Solid 2Q Beat

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Delphi Tech's Valuation 'Extremely Attractive'; BMO Names It A Top Pick

In a report published Thursday, Citigroup analyst Itay Michaeli reiterated a Buy rating on Delphi Automotive (NYSE: DLPH), and raised the price target from $52.00 to $61.00.

In the report, Citigroup noted, “Following a solid Q2 beat with a largely affirmed 2013 outlook. We've modestly lifted estimates and raised our price target to $61 from $52 on a roll to 2014. Our new target equates to 12x our 2014E EPS, or a ~6% FCF yield, ahead of anticipated 18% EPS growth in 2015.”

Delphi Automotive closed on Wednesday at $53.72.

Latest Ratings for DLPH

DateFirmActionFromTo
Jan 2018BMO CapitalInitiates Coverage OnOutperform
Dec 2017Wells FargoInitiates Coverage OnOutperform
Dec 2017JefferiesInitiates Coverage OnBuy

View More Analyst Ratings for DLPH
View the Latest Analyst Ratings

Posted-In: Citigroup Itay MichaeliAnalyst Color Price Target Analyst Ratings

 

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