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Fly News Breaks for October 8, 2018
DLPH
Oct 8, 2018 | 07:05 EDT
RBC Capital analyst Joseph Spak lowered his price target on Delphi Technologies to $32, citing the company's recent CEO change and the 2nd guide-down in expectations in 3 months. The analyst notes that while he expects uncertainty to "reign" until the re-framing of the company's business plan under the yet-to-be-found permanent CEO, he also sees the "dire scenario" having been priced in to the shares, keeping his Outperform rating on Delphi Technologies. Spak maintains his view that the company's Power Electronics portfolio is one of the best out there as it has been "winning a good amount of business".
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