- Piper Jaffray upgrades Delphi Automotive (NYSE:DLPH) and Mobileye (NYSE:MBLY) to an Overweight rating on a linked bet that the companies are well-positioned to benefit from the expansion of connected car and mobility technologies in the automobile industry.
- Automakers have ramped up their investments and partnerships in next-gen initiatives over the last month.
- Delphi closed at $68.94 yesterday vs. a 52-week trading range of $55.59 to $90.57.
- Mobileye closed at $37.38 vs. a 52-week trading range of $23.57 to $64.48.