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Fly News Breaks for March 16, 2015
HAR, DLPH
Mar 16, 2015 | 06:32 EDT
After speaking with an industry contact about the future of infotainment and connectivity, Wells Fargo believes that the infotainment revenue of Delphi Automotive (DLPH) and Harman (HAR) can surge 220% and 170%, respectively, by 2020 versus 2014 levels. The firm thinks that both companies are well-positioned to enjoy the secular growth trends in infotainment, connected vehicles, and cybersecurity. It keeps Outperform ratings on both stocks.
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