UBS Resumes Delphi Automotive PLC (DLPH) at Neutral

Earlier, UBS resumed coverage on Delphi Automotive PLC (NYSE: DLPH) with a Neutral. PT $35.00.

The firm comments, "DLPH emerged from bankruptcy as a significantly leaner company with a portfolio of businesses expected to drive above-market revenue growth. The company has divested many unprofitable businesses, closed most of its US plants, and significantly reduced its pension and OPEB liabilities. As a result, DLPH has a robust revenue, earnings and FCF outlook, and above-peer margins. While we are optimistic long term, the shares lack a near-term catalyst."

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 $31.93 yesterday.

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