Tenneco, Inc. (TEN) Price Target Raised

Analysts at Credit Suisse (ADR) (NYSE: CS) have released an update on Tenneco, Inc. (NYSE: TEN). The company has reported mixed results for the fourth quarter.

Tenneco reported EPS of $0.13 for the quarter, which is in line with the consensus. Analysts at Credit Suisse had estimated EPS of $0.19.

Analysts have maintained their revenue forecast for 2010. However, the revenue forecast for 2011 has been raised from $6.3 billion to $6.7 billion.

The EPS estimate for 2010 has been raised from $0.85 to $0.90. For 2011, the EPS estimate has been raised from $1.84 to $1.94.

Analysts have raised the price target to $23. Tenneco, Inc. maintains an Outperform rating.