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Delphi to hold investor update meeting
Investor Update Meeting being held in Boston on September 27 at 10 am.
Dana Holding downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Rod Lache downgraded Dana Holding (DAN) to Hold from Buy, noting that the stock has risen to within 5% of the firm's target. Looking at the broader space, he contends that the backdrop remains unfavorable for Auto/Auto Parts stocks, though select suppliers can outperform if SAAR moderates slowly. Lache maintains Buy ratings on BorgWarner (BWA), Delphi (DLPH), and American Axle (AXL), which he views as having favorable near-term set-ups.
Delphi price target raised to $107 from $99 at Deutsche Bank
Deutsche Bank analyst Rod Lache raised his price target for Delphi Automotive to $107 saying he's impressed bt th epace of the company's new business wins. The analyst keeps a Buy rating on the shares.
Auto suppliers are compelling and should be bought, says Baird
Baird analyst David Leiker believes the auto suppliers are compelling and should be bought. He noted the auto supplier universe reported growth of 4% organic growth and 10-15% earnings growth in a no growth global production environment during Q2, validating their attractiveness. His top ideas include Visteon (VC), Borg Warner (BWA), Adient (ADNT), and Delphi (DLPH).
Delphi initiated with an Outperform at Cowen
Cowen analyst Jeffrey Osborne initiated Delphi with an Outperform rating and $120 price target as he believes it is best positioned to gain content per vehicle with its sensor fusion platform and electrical controls capability and will benefit from the electrification and autonomous trends in automobiles.
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