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Fly News Breaks for August 9, 2018
DLPH
Aug 9, 2018 | 09:34 EDT
BMO Capital analyst Richard Carlson lowered his price target on Delphi Technologies to $60 and also lowered his FY18 EPS view to $4.80 from $4.90, citing revenue softness seen in the company's Q2 that was driven by a 12-point slowdown in the China market. Longer term, the analyst keeps his Outperform rating on Delphi Technologies, saying its bookings growth in the quarter remained strong. Carlson also notes the added tailwinds coming from the tightening global emissions standards and a record pace of the company's order intake.
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