Deutsche Bank Starts Delphi Automotive PLC (DLPH) at Buy; Best of Breed for Bargain Basement

Deutsche Bank initiates coverage on Delphi Automotive PLC (NYSE: DLPH) with a Buy. PT $33.00.

Deutsche analyst says, "From a secular growth perspective, Delphi’s mix of business contains some of the best features of suppliers such as BorgWarner (NYSE: BWA), TRW (NYSE: TRW), Autoliv (NYSE: ALV), Harman (NYSE: HAR), and Johnson Controls (NYSE: JCI). We expect that the company will grow in excess of the industry for the foreseeable future, given its 2012-2014 net new business backlog of $2.8bn, which alone should support an organic revenue CAGR of 6% over the next three years."

"We believe that Delphi should trade at a premium based on exposure to the most compelling industry growth trends and its defendable (and expandable) margin advantage."

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 $21.30 yesterday.

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