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Delphi Technologies (NYSE:DLPH) shares rise on Goldman Sachs rating upgrade

  • Goldman boosts auto industry supplier to Buy
  • Sees “idiosyncratic margin and FCF expansion as we progress into 2020”
  • Shares set to open at $18.49

Delphi Technologies (NYSE:DLPH) was upgraded to a Buy rating by Goldman Sachs on Thursday after analysts said margins and free cash flow could grow in 2020.

Goldman’s bullish assessment mirrors those of Barclays, which recently stood pat on a Bay rating, and Bank of America, which upgraded from Neutral to Buy in April.

Goldman’s rating now falls in line with the Outperform sell-side rating. It also set a $24 price target on Thursday. Delphi shares advanced 3.94% before the first bell.