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Fly News Breaks for April 12, 2019
DLPH
Apr 12, 2019 | 07:04 EDT
As previously reported, BofA/Merrill upgraded Delphi Technologies to Buy from Neutral and increased its price target to $30 from $25 saying much of the bad news is priced in. Analyst John Murphy said new CEO Rick Dauch's business review will come to a close in mid-April and expects more formal and constructive updates around Delphi's transformation plan. The analyst believes improving management credibility and constructive updates, combined with an inflection in earnings, will lead to multiple expansion.
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