** UBS upgrades rating on auto parts maker Aptiv APTV.N to "buy" from "neutral"

** Hikes PT to $97 from $89; new PT implies an upside of about 38% from the stock's last close

** Shares of the company marginally up at $70 in early trade

** Says separation will give investors clearer visibility into cash flows and margins at both Aptiv and upcoming spin-off of its electrical distribution systems business, Versigent

** Adds the spin-off should sharpen co's focus on higher-growth automotive technology businesses and improve the quality of earnings

** 20 of 24 brokerages rate the stock "buy" or higher, 3 "hold" and 1 "sell"; their median PT is $102 - data compiled by LSEG

** Including session's moves, shares down 7.7% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))