UPDATE: Morgan Stanley Reiterates On Delphi Automotive PLC On Upcoming Catalysts

In a report published Monday, Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating on Delphi Automotive PLC (NYSE: DLPH), and raised the price target from $85.00 to $90.00.

In the report, Morgan Stanley noted, “While some investors may be disappointed that 3Q results may not have blown their socks off, we think DLPH is well set up for a number of catalysts over the next few months that set the stage for the long-term secular story.”

Delphi Automotive PLC closed on Friday at $66.78.