Delphi (DLPH) Gets New Coverage

Delphi Automotive PLC (NASDAQ: DLPH) getting new coverage from analysts.

Citigroup (NYSE:C) initiated coverage on Delphi Automotive PLC (DLPH). They placed a “Neutral” rating on the company.

Goldman Sachs (NYSE:GS) initiated coverage on Delphi Automotive PLC. They placed a “Buy” rating on the company.

Bank of America (NYSE:BAC) initiated coverage on Delphi Automotive PLC. They placed a “Buy” rating on the company.

Credit Suisse (NYSE:CS) initiated coverage on Delphi Automotive PLC. They placed an “Outperform” rating on the company.

Barclays Capital (NYSE:BCS) initiated coverage on Delphi Automotive PLC. They placed an “Overweight” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Delphi Automotive PLC. They placed an “Overweight” rating and a price target of $32.00 on the company.

Robert W. Baird initiated coverage on Delphi Automotive PLC. They placed an “Outperform” rating and a price target of $29.00 on the company.

Morgan Stanley (NYSE:MS) initiated coverage on Delphi Automotive PLC. They placed an “Overweight” rating and a price target of $28.00 on the company.

Delphi Automotive (DLPH) Ratings, Price Targets

Delphi Automotive PLC (NASDAQ: DLPH) had ratings and price targets adjusted by analysts.

Delphi Automotive PLC (DLPH) is now covered by Credit Suisse (NYSE:CS). They have an “Outperform” rating on the firm.

Delphi Automotive PLC (NASDAQ: DLPH) is now covered by Barclays Capital (NYSE:BCS). They have an “Overweight” rating on the firm.

Delphi Automotive PLC is now covered by JPMorgan Chase & Co. (NYSE:JPM). They have an “Overweight” rating and a price target of $32.00 on the firm.

Delphi Automotive PLC is now covered by Robert W. Baird. They have an “Outperform” rating and a price target $29.00 on the firm.

Delphi Automotive PLC is now covered by Citigroup (NYSE:C). They have a “Neutral” rating on the firm.

Delphi Automotive PLC is now covered by Goldman Sachs (NYSE:GS). They have a “Buy” rating on the firm.

Delphi Automotive PLC is now covered by Bank of America (NYSE:BAC). They have a “Buy” rating on the firm.

Delphi Automotive PLC is now covered by Morgan Stanley (NYSE:MS). They have an “Overweight” rating and a price target of $28.00 on the firm.

General Motors (GM) Sells Delphi Stake for $3.8 Billion

General Motors (NYSE:GM) said in a late press release Thursday it is selling its stake in Delphi Automotive for $3.8 billion.

GM CFO Dan Ammann said in the release, “We are systematically delivering on our commitment to strengthen and simplify our balance sheet.”

The sale involved the Class A Membership Interest in Delphi, which GM acquired in the last quarter of 2009 when Delphi was created.

In the first quarter of 2011, General Motors will book a gain of about $1.6 billion in connection to the transaction.

Delphi is also purchasing $594 million for shares held by the Pension Benefit Guaranty Corp.

GM closed Thursday at $31.03, falling $0.52, or 1.65 percent.