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Fly News Breaks for July 16, 2015
DLPH
Jul 16, 2015 | 07:33 EDT
Barclays downgraded the U.S. Autos and Auto Parts sector to Negative from Neutral and cut its rating on Delphi (DLPH) to Equal Weight from Overweight. The firm sees further sector underperformance as China car sales continue to disappoint and Chinese production goes negative against a peak in the U.S. auto industry and a slow recovery in Europe. The firm expects Delphi's upside to be limited given China exposure and lowered its price target to $81 from $99.
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