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Fly News Breaks for November 22, 2016
CPS
Nov 22, 2016 | 06:31 EDT
Goldman analyst David Tamberrino upgraded Cooper-Standard to Buy and raised its price target to $100 from $99. The analyst said valuation is not capturing operating improvements, incremental footprint restructuring activities, and significant growth in China. He expects outsized margin improvement and said the company continues to win new business on current product as well as new technology where it has pricing power.
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