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UPDATE: Oppenheimer Upgrades Sensata Technologie on Multiple Tailwinds

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Sensata Technologies Announces The $190M Acquisition Of DeltaTech Controls

In a report published Wednesday, Oppenheimer analyst Christopher Glynn upgraded the rating on Sensata Technologies (NYSE: ST) from Perform to Outperform, and raised the price target from $37.00 to $43.00.

In the report, Oppenheimer noted, “We are upgrading shares of ST to Outperform from Perform, based on a breadth of emerging tailwinds, including (1) easing European production comparisons, (2) easing comparisons related to obsolescence of airbag application in North America, (3) inflection to margin benefits from acquisition integrations, (4) receding headwinds from Korean plant fire, and (5) potential pickup in new light vehicle platform launches. We believe these drivers solidly support our 2014E EPS growth of 20%, which in turn should support multiple stability.”

Sensata Technologies closed on Tuesday at $36.21.

Latest Ratings for ST

DateFirmActionFromTo
Sep 2014Morgan StanleyInitiates Coverage onEqual-weight
Jul 2014CitigroupMaintainsBuy
Jul 2014BarclaysMaintainsOverweight

View More Analyst Ratings for ST
View the Latest Analyst Ratings

Posted-In: Christopher Glynn OppenheimerAnalyst Color Upgrades Analyst Ratings

 

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