Jefferies Starts Delphi Automotive PLC (DLPH) at Buy
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Jefferies initiates coverage on Delphi Automotive PLC (NYSE: DLPH) with a Buy rating and a price target of $80.00.
Analyst David Kelley commented, "We believe DLPH is best positioned among our coverage group to benefit from likely leading drivers of mobility innovation through rising penetration of Electronics & Safety and Powertrain Systems segment technologies while Electronic Architecture segment likely enables accelerating vehicle electrification and increased software content. As such, we estimate 400-600 bps comp growth above global production through 2020. We initiate with a Buy rating & $80 PT."
Shares of Delphi Automotive PLC closed at $63.44 yesterday.
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