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Fly News Breaks for November 2, 2017
CPS
Nov 2, 2017 | 09:09 EDT
Roth Capital analyst Matt Koranda raised his price target for Cooper-Standard to $130 from $125 saying he views it as a compelling investment opportunity due to a more balanced regional revenue/profitability mix in automotive by 2019, innovation product ramp driving margin expansion in the core automotive business through the mid-2020s, and adjacent specialty/industrial market growth and licensing opportunities not yet factored into 2018/2019 estimates that may drive significant upside revisions during 2018. The analyst reiterates a Buy rating on the shares.
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