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Fly News Breaks for October 8, 2015
DLPH, TEN, HAR, GNTX, BWA
Oct 8, 2015 | 08:28 EDT
Wells Fargo expects auto supplier stocks to get a bid heading into the end of the year. The firm notes that auto supplier stocks have outperformed the market in 11 of the last 15 years, with most of the exceptions coming just prior to the start of U.S. recessions. The firm does not think the U.S. is heading for a recession. It lowered its estimates for the group slightly but keeps Outperform ratings on BorgWarner (BWA), Gentex (GNTX), Harman (HAR), Tenneco (TEN), and Delphi (DLPH).
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