UPDATE: Goldman Sachs Removes Delphi Automotive PLC (DLPH) from Conviction Buy List

June 6, 2016 6:40 AM EDT
Get Alerts DLPH Hot Sheet
Price: $17.02 --0%

Rating Summary:
    12 Buy, 17 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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(Updated - June 6, 2016 9:29 AM EDT)

Goldman Sachs downgraded Delphi Automotive PLC (NYSE: DLPH) from Conviction Buy to Buy with a price target of $94 (from $103). Analyst Patrick Archambault continues to see Delphi as a compelling secular growth story.

"While we continue to believe in the company’s secular content growth opportunity and further believe the unsynchronized global auto cycle provides a back-drop where regionally diversified auto suppliers like Delphi can drive solid top line and earnings growth, we believe the choppier start of the year for monthly US auto sales pace combined with investor positioning drove the underperformance in shares relative to both the S&P 500 and our overall Auto coverage," said Archambault.

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 $67.07 yesterday.

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