Oppenheimer Lowers PT On Sensata Technologies to $35

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Following downbeat fourth-quarter guidance, shares of Sensata Technologies
ST
are plunging today and Oppenheimer is out with a research note, reiterating an outperform rating on the stock, but lowering its price target to $35 from $37. Oppenheimer also lowered its fourth-quarter earnings estimate on Sensata to 43 cents a share from 47 cents and its 2012 EPS estimate to $2.20 from $2.30.
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Posted In: Analyst ColorEarningsNewsPrice TargetReiterationIntraday UpdateMarketsAnalyst RatingsMoversTechTrading Ideas
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