Delphi Automotive (DLPH) Tops Q1 EPS by 13c, Beat on Revenue
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Delphi Automotive PLC (DLPH) PT Raised to $106 at Jefferies; Reiterates Buy
May 4, 2017 9:28 AM EDTJefferies raised its price target on Delphi Automotive PLC (NYSE: DLPH) to $106.00 (from $100.00) while maintaining a Buy rating. 1Q adjusted EPS of $1.59 beat the consensus estimate of $1.46, driven by both sales and EBIT margin upside.
DLPH's expected Powertrain spin-off further shifts focus to... More
Delphi Automotive (DLPH) Reports Plans for Tax-Free Spin-Off of Powertrain Segment
May 3, 2017 6:45 AM EDTDelphi Automotive PLC (NYSE: DLPH) today announced its intention to execute a tax-free spin-off of its Powertrain Systems segment into a new, independent publicly traded company ("Powertrain"). Immediately following the transaction, which is expected to be completed by March 2018, Delphi shareholders will own shares of both companies.
"Today's announcement represents an exciting opportunity for our businesses by creating two independent companies, each with a distinct product focus, a proven business model, and the flexibility to pursue accelerated investments in advanced technologies that solve our customers' most complex challenges," said Kevin Clark,... More
