Goldman Sachs Starts Delphi Automotive PLC (DLPH) at Buy

December 27, 2011 7:31 AM EST
Get Alerts DLPH Hot Sheet
Price: $17.02 --0%

Rating Summary:
    11 Buy, 17 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs initiates coverage on Delphi Automotive PLC (NYSE: DLPH) with a Buy and $29 price target.

The firm notes the restructuring has left it with a clean balance sheet and a best-in-class low-cost footprint. They expect the company's sales to grow above industry volumes superior margins to be sustained. Delphi's long-established leadership position in China will further bolster growth.

For an analyst ratings summary and ratings history on Delphi Automotive PLC click here. For more ratings news on Delphi Automotive PLC click here.

Shares of Delphi Automotive PLC closed at $21.94 yesterday.


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