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Fly News Breaks for September 26, 2019
CPS
Sep 26, 2019 | 06:52 EDT
Roth Capital analyst Justin Clare resumed coverage of Cooper-Standard Holdings with a Buy rating and $47 price target. The stock has been driven down by weakness in global auto sales, but management is taking action to right-size the company's operations, Clare tells investors in a research note. The analyst believes Cooper-Standard is well positioned to drive long-term margin expansion by cutting costs and increasing sales of innovative products. Further, the stock at current levels represents an attractive entry point, contends Clare.
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