I have been talking of this sector on th last few weeks and strongly believe this is one of the sector that should continue to OP...valuation will change on this sector to go on much higher level...we are going to see on re-rating that already started...keep an eye on these names...
*** Delphi Automotive target raised to $80 at UBS; Neutral
UBS raises their DLPH tgt to $80 from $73 noting the reduction in manufacturing & material costs also help to offset the +30bps in higher engineering which aligns well with its growth plans driven by technology. Firm continues to be surprised by co's ability to grow already industry leading margins. They are also impressed with co's gas direct injection combustion ignition (GDCI) technology as it enhances fuel economy by 38% over traditional gas engines.
*** Delphi Automotive target raised to $99 from $90 at Robert W. Baird (81.18)
*** Delphi Automotive target raised to $95 at RBC Capital Mkts; Outperform (81.18)
RBC Capital Mkts raises their DLPH tgt to $95 from $89 noting co's analyst day reinforced firm's view that co is a best-in-class operator, with a solid growth trajectory, further margin expansion opportunity and strong FCF generation. While the story is well appreciated by auto investors, firm believes there is an opportunity for broader general/industrial analysts to look at and appreciate the name.