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Fly News Breaks for June 13, 2019
DLPH
Jun 13, 2019 | 04:53 EDT
Goldman Sachs analyst David Tamberrino upgraded Delphi Technologies to Buy from Neutral while lowering his price target for the shares to $24 from $25. New CEO Rick Dauch's more operationally focused initiatives should drive "idiosyncratic" margin and free cash flow expansion into 2020, Tamberrino tells investors in a research note. Further, the analyst believes the company could announce medium term targets along with its Q2 earnings. He sees 35% upside potential in Delphi Technologies shares.
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