UPDATE: Deutsche Bank Raises PT on Tenneco on Potential Margin Growth

In a report published Wednesday, Deutsche Bank analyst Patrick Nolan maintained a Buy rating on Tenneco TEN and raised the price target from $51.00 to $52.00 .

In the report, Deutsche Bank stated, "Our Buy recommendation is based on our belief that Tenneco's margins will improve in 2H'13 and beyond, as TEN effectively leverages its revenue growth opportunity in the commercial vehicle emissions market...However, the magnitude of the opportunity and company's ability to improve margins, as a result of this growth and the company's cost containment efforts, remains a contentious issue."

Tenneco closed on Tuesday at $48.41.