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Fly News Breaks for November 3, 2016
CPS
Nov 3, 2016 | 08:40 EDT
Roth Capital analyst Matt Koranda says that while he can appreciate investors' increased level of caution on OEM suppliers, recent weakness in Cooper-Standard's shares appears overdone as the company's near-term growth and margin expansion rely more on vehicle mix, increasing penetration in Asia, and implementation of self-help margin improvement initiatives. The analyst reiterates a Buy rating and $115 price target on the shares.
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