Deutsche Bank Assigns Buy On Delphi Automotive Shares, $92 PT


In a research report issued today, Deutsche Bank analyst Rod Lache assigned a Buy rating on Delphi Automotive Plc (NYSE:DLPH) with a price target of $92.00.

Lache wrote, “Delphi reported Q3’14 EPS of S1.16 vs. DBe and cons. of $1.15, with margins offsetting slightly weaker revenue and $0.01 of upside driven by a slightly lower tax rate. Operating margin of 11.3% was ahead of our 11.0% est, which was noteworthy given that revenue was slightly lower than we projected ($4.14bn vs. our $4.22 bn est). As previewed by mgmt. over the course of the qtr, the revenue shortfall was in Delphi’s Electrical Architecture and Electronics & Safety Segments; Power and Thermal were in-line. Looking at adjusted operating income, Powertrain was better than expected; E&S and EEA were weaker.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Rod Lache has a total average return of 15.6% and a 58.5% success rate. Lache has a 19.7% average return when recommending DLPH, and is ranked #212 out of 3347 analysts.

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