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Fly News Breaks for November 8, 2018
DLPH
Nov 8, 2018 | 09:41 EDT
RBC Capital analyst Joseph Spak lowered his price target on Delphi Technologies to $23 after its Q3 earnings miss, also lowering his FY19 EPS view to $3.20 from $4.25 and FY20 view to $3.45 from $4.45. The analyst notes however that 2019 is now setting up as a transition year and keeps his Outperform rating, citing the company'st strong portfolio of GDI and VVT products along with a margin expansion opportunity comping from its focus on cost optimization.
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