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Fly News Breaks for November 1, 2019
DLPH
Nov 1, 2019 | 07:55 EDT
Oppenheimer analyst Noah Kaye downgraded Delphi Technologies to Perform from Outperform and removed his $20 price target after the company laid out a transformational plan to achieve $150M in operating cost savings by 2022 while lowering FY19 outlook and pointing directionally to lower FY20 sales amid challenging market dynamics. The analyst tells investors in a research note that he sees fewer company-specific catalysts over the next 12-18 months.
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