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UPDATE: Oppenheimer Upgrades Sensata Technologie on Multiple Tailwinds

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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
Feb 2015Stifel NicolausMaintainsBuy
Jan 2015Stifel NicolausInitiates Coverage onBuy
Oct 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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